Trico Marine Services (TMAR) Message Board

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Gold/Mining/Energy : Trico Marine Services (TMAR)

TMAR 22.41

0.0%

Nov 7 9:30 AM EST

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To: D.J.Smyth who wrote (749)	8/25/1998 4:16:00 PM
From: JZGalt	Read Replies (2) of 1153

Darrell, I agree with your general calculations although I have not run the numbers myself. I'd drop the North Sea numbers somewhat, but that is not really important. Anyway. that still doesn't help figure out when to buy the stock. Remember that at $13/share on TMAR, your eps numbers would have still produced a p/e ratio less than 10. So where is the bottom? I have no idea. I threw out the 50% of book value as a target about a month ago but I honestly didn't think we would see that this soon. I thought at best we would get below $9 with some tax loss selling and end of quarter window dressing. You are right it is silly time. The only problem is it seems to get sillier.

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