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: Stephen L. Smith who wrote (877)	10/8/1998 11:21:00 AM
From: D.J.Smyth	Read Replies (1) of 1153

<<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? >> that value is based on AFTER the debt is paid. book takes this into account. as for who would want to buy a bunch of boats. heck. they don't have to buy the boats. they can buy up the stock at $4.75 instead of paying $11 for boats in a fire sale. there are a number of international hot spots with continued strong markets: persia, north sea, brazil, china sea

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