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: JZGalt who wrote (1000)	12/31/1998 12:07:00 PM
From: Robert T. Quasius	Read Replies (1) of 1153

I just increased my position by 50%, as this stock is dirt cheap, and IMHO has bottomed. Book value is $14.04, for a price/book ration of 0.32. Of the $14.04 book value, $1.20 is in cash. The company will still make money in the current environment, and has a current year P/E of 3.8, and a forward P/E of 9. Price/sales ratio is only 0.49. I predict a bounce in January after tax loss selling ends. Gas prices will recover fairly quickly with cold weather, but oil will not recover until the second half of 1999. This is a great stock to own for those with a longer term perspective.

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