Trico Marine Services (TMAR) Message Board

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

TMAR 22.40

-0.5%

Nov 4 9:47 AM EST

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To: Ben Beale who wrote (998)	12/31/1998 1:25:00 AM
From: Ben Beale	Read Replies (1) of 1153

Is TMAR a buy at this level? It has a book value of $14.04/share and earnings of $1.76. Zacks average of 7 analyst's estimates for FY 99 is $.53/share resulting in a leading P/E of 7.7. Trailing 12 month P/E is 2.7, per Zacks. Trico has a net operating margin of 19% vs. the industry average of 7%. The company owns 100 vessels including supply vessels; large capacity platform supply vessels; large anchor handling, towing and supply vessels; crew boats; lift boats; and line handling vessels for which demand may decrease, but will not disappear. TMAR is down 86% on the year. Even if single-digit oil becomes a reality for a short while, isn't TMAR still an attractive take-over candidate? r/s Ben

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