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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (35888)1/26/1999 9:59:00 PM
From: Big Dog  Read Replies (2) of 95453
 
Halter Marine results showing a loss, softened by a tax credit.

From the press release:

Gross profit margins for the Company's Vessels, Rigs and Engineered Products segments were 9.5%, -4.8% and 16.9%, respectively, for the third quarter.

Re the margin on the rigs, this may be an indication of something amiss? (They said there were cost overruns on two barges -- but I don't know if these barges are considered rigs or vessels.)

This is further evidence of the market leadership of FGI. In this tight-money environment which yard would you chose -- one that has a negative margin on rigs, or one that seems to have demonstrated efficient management.

Maybe Halter will get its problems ironed out and get back in the black. I hope so.

big
loosbrock.com
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