Trico Marine Services (TMAR) Message Board

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

TMAR 22.47

+0.3%

Nov 5 2:59 PM EST

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To: Don Westermeyer who wrote (857)	9/28/1998 1:35:00 PM
From: D.J.Smyth	Read Replies (1) of 1153

according to TMAR, "they" wouldn't accept anything less than $20 a share (BOD and large name holders, state street, etc.) and they believe no one is willing to pay that price at this time. they're looking at (a) other markets - rov, well stimulation and (b) ways to enhance the stock price. cost reductions at TMAR will be coming in the 4th quarter and be effective for the 1st and 2nd quarters of next year. yahoo hasn't updated the new earnings estimates for TMAR for the third. anchor handlers in the northsea are still capturing $20K to $25K a day for this quarter, with some as high as $60K on a spot-market day basis while NEW supply boat rates there are moving around $11K to $12K (current contracts are higher, of course). TMAr believes that most analysts are not fully appreciative of the increased activity going on in Brazil for the coming quarters and year. at the moment, TMAR remains fully employed with reductions coming later in the year. they believe the hurricanes in the gulf will affect earnings by $.01 to $.02 for the third. this would place earnings for the third in the $.23 to $.28 range Dan Rauscher gives TMAr a thumbs up relative to risk/reward (how much lower can it go in this environment?). TMAR's explanation as to why the stock is seeing support at $7 and change is that the institutions are buying back in; price is simply too low and institutions are overweighting on energy stocks at this time. the large Alaska permanent fund program is overweighting on energy - oddly enough the managers of this fund have done very well for the past several years, and are doing okay in this enviornment as well according to them (you want to look at a stock that's really screwed price wise look at BDT's numbers)

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