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Gold/Mining/Energy : Trico Marine Services (TMAR)
TMAR 22.410.0%Nov 7 9:47 AM EST

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To: Grommit who wrote (752)8/25/1998 4:55:00 PM
From: D.J.Smyth  Read Replies (1) of 1153
 
we reviewed with them over the past several months, yes, and privately reviewed past earnings statements up to two years back. but, given today's share price drop, we're going to call again. the bottom line variable is the profit margin. jefferies assumes a significantly lower profit margin due to decreased revenue not being able to keep up with fixed costs, labor and otherwise. i would think tmar would, as they've done in the past, find ways to decrease costs by retiring boats. jefferies also makes another assumption which i've not been able to verify as yet. i should have an answer shortly on this, however. interestingly, IR at tmar STILL believes they'll make no less than $2 a share next year.

here's the globes take on today:

boston.com
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