I posted that message from the Yahoo thread, hoping that someone would be able to analyze it point by point. Thanks. I guess, though, no guidance from mgt. on earnings.
Your point about TMAR boats being worth $11 per share in a fire sale - is that before or after paying off the $400 million+ debt on the books? And really, who is going to buy a bunch of boats now?
I'm not a short wannabe - I'm a retroactive short wannabe -- I'd be a lot happier if I had gone short at 19 (when I, along with a lot of others, thought TMAR was a great value and anticipated $25-30/share) and then again at 7-1/2.
If this stock is a "goof", I wish someone with cash would realize it. At this point, we're hooked onto one of the worst performers on the exchange.
Finally, I saw another posting on Yahoo that I'd like to see retracted. Here goes: (From extsea, msg. #2266 on TMAR thread):
"Just read a report by Simmons & Company International of Houston, TX which estimates an oversupply of some 43 to 58 vessels by the 4th quarter of this year. They anticipate an oversupply for the next one to two years. The report also says that day rates should stabilize in the $3,000 to $3,500 per day range...
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