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: D.J.Smyth who wrote (947)	10/28/1998 5:25:00 PM
From: Mark	Read Replies (1) of 1153

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. I'll bet that if they've just spent a ton of money on updating this fleet that the asset values will currently be recorded close to cost; i.e. the depreciation clocks will have been (partially) reset....... I also "like" the way that TDW have been spreading gloom and doom, but have quietly come in ahead of estimates (and with much higher utilisation rates in the GOM than TMAR !), whilst TMAR have been the "crisis, wot crisis ?" merchants and have missed ! I'm afraid the early rounds in this match go to TDW....... Mark

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