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Non-Tech : Hvide Marine HMAR - High Growth, Undervalued -- Ignore unavailable to you. Want to Upgrade?

To: Don MacNeil who wrote (60)	11/27/1997 10:22:00 AM
From: Don MacNeil	Read Replies (1) \| Respond to of 547

Added observation/question: Various investment web sites are listing HMAR's projected 3-5 year annual growth rate in the 40-42.5% range based on an averaging of what analysts are themselves projecting. Yet, in the past few minutes I've once again sifted through the analysts reports sent to me in late August by HMAR Investor Relations (Raymond James...Donaldson, Lufkin & Jenrette...and Furman Selz) and the tallest 3-5 year I found among them was 20%/year. What gives? I think I'm now remembering the second reason I didn't buy last August. Where's the 40% coming from? We all love to discover these apparent screaming bargains...but after calming down I have to ask myself...what is the market telling us about the "boat" industry? This has been no earnings slam...no panic sell. This has been an orderly, considered retreat. Sure, Sadam is now in the equation along with falling oil prices...but, down the road, isn't the "boat" business, to use a football metaphor, really a 3-yards-and-a-cloud-of-dust kind of business? After falling in love with those monster projections of 3 months ago, is it arguable the investment world is waking up to that fact?