Trico Marine Services (TMAR) Message Board

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

TMAR 22.41

0.0%

Nov 7 9:47 AM EST

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To: Mandinga who wrote (763)	8/26/1998 10:28:00 AM
From: Grommit	of 1153

I think it is a good buy at this price, but I'd rather buy it at $10 when the rig outlook is better than now when no one knows how many rigs will eventually be idled. I just checked -- I sold my TMAR at 15, 2 months ago and I am really dumbfounded at this drop in price. I thought I was crazy selling at that time for that price. The only semi-Oil Service I now own is HLX. Talked to them yesterday. Backlog is firm at $500 million. Have not received a new boat order since June (no shit). They have this year's revenue in backlog and most of next year. Long term they expect a ton of business from double bottom barges to replace boat building (if boat building indeed does whither, as we hope that it does). Insider buying also. I figured safer stock than boats and still subject to a great upturn when oil outlook brightens. good luck,

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