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 (946)	10/28/1998 11:53:00 AM
From: D.J.Smyth	Read Replies (1) of 1153

<<Sometime you have to wonder if that is in fact the correct method of dealing with the situation vs. cutting expenses by mothballing part of their fleet and laying off crews. >> they'd better NOW be saying this during the cc or many will be royally pissed. Mutual Shares now owns 15% of the company; if they're not barking up they're tree about gutting their labor force now that their upgrades are completed... if the upgrades are completed by Nov. 98, as their report states, for what do they need added labor other than new contracts (the number of which is unlikely to increase dramatically even with upgraded vessels)? TDW's utilization rates were obviously higher than they should have been as TMAR took more boats off the market (than they had previously announced) to upgrade them -

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