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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Frank who wrote (62332)	3/17/2000 3:29:00 PM
From: upanddown	Respond to of 95453

Frank I'am willing to admit I actually own TCMS. There are others here but they are probably too embarrassed to speak up.<vbg> This is really the poster boy for laggards. There has not been a single press release for at least four months. According to a Yahoo post, 4th qtr is FINALLY scheduled for next Wed though I wouldn't count on it. We may also hear about new financing. This is really a quasi-private company masquerading as a public company. Here is why I hang in there. Take 3 marine construction companies, GLBL HOFF TCMS. TTM sales for TCMS is twice HOFF but HOFF has 5X TCMS market cap. GLBL's TTM sales are twice TCMS but GLBL has a market cap 37X TCMS, so Price/Sales Ratios are GLBL - 3.29, HOFF - 1.83, TCMS - .17. The market is saying that GLBL and HOFF will prosper in a marine construction boom in the Gulf while TCMS will wither and die. I don't buy it. I think there will be plenty of work for all, and, if so, those valuation gaps have to narrow. You might want to wait until next week. After a total news vacuum for so long, I doubt that good news will be coming soon. Also, watch out for confusion with Ticketmaster (TMCS) (see below) and TheStreet.com (TSCM) (an even bigger dog). Robertson Stephens issued a Daily Notes Report on January 27, 2000 for TransCoastal Marine Services, Inc.. On January 27, 2000 Robertson Stephens analyst Michael Graham issued a 7 page Daily Notes Report on TransCoastal Marine Services, Inc. Report highlights: 'The company announced a promotional agreement with WNCX, a Cleveland radio station. The company reported 4Q99 EPS of ($0.18). A STRONG BUY rating was maintained. The company should generate an earnings growth rate of 50% over the next three years.' John