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

To: Grommit who wrote (113)	1/3/1998 7:34:00 PM
From: Robert T. Quasius	Respond to of 547

I haven't gotten my letter yet (perhaps because I moved last summer). It does sound very encouraging, though, and postponing the secondary offering until later is a prudent move. That may put a damper, however, on additional major acquisitions in the near future. HMAR might become overextended on credit. TMAR was put on a credit watch after their latest acqusition.

To: Grommit who wrote (113)	1/6/1998 9:03:00 AM
From: Robert T. Quasius	Read Replies (2) \| Respond to of 547

News of another acquisition is out this morning: biz.yahoo.com This one is in the tug boat and related business in Port Arthur and Lake Charles Louisiana. Seems like a good fit with HMAR's existing operations. I wonder though how much longer HMAR can continue to make acquisitions without a secondary stock offering.