Trico Marine Services (TMAR) Message Board

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

TMAR 22.46

+0.3%

2:59 PM EST

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To: JZGalt who wrote (945)	10/28/1998 11:46:00 AM
From: D.J.Smyth	Read Replies (1) of 1153

<<Do you honestly believe that if TMAR decided to sell the GOM fleet they could get anywhere near the "asset value"? >> having grown up around large boats and knowing the methods by which owners buy/sell (knowing several owners), yes, as long as oil stays above $14. the assets are currently recorded at depreciated values as it is. it completely depends on the type of boat relative to resale value and appropriate market. the boats that TMAR supports hold a higher resale value than average.

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