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

To: Grommit who wrote (196)	1/27/1998 2:27:00 PM
From: Czechsinthemail	Respond to of 547

Grommit, TMAR was downgraded today by Schroeder. Whether real or imagined, concerns about oversupply of supply boats seems to be hurting these stocks. I think the problem is that it is easier to accelerate building of supply boats than rigs, so there may be concern they will be getting ahead of demand. Baird

To: Grommit who wrote (196)	1/27/1998 9:10:00 PM
From: David Klein	Respond to of 547

>>HMAR 1998 from $3.27 down to $2.42, they say.<< This is a large downward revision and to the penny. Is there anyway we can find out where they got their guidance from for this revision? Did they talk to the company? (one would think so if they have a relationship with the company)

To: Grommit who wrote (196)	1/28/1998 9:11:00 AM
From: Thomas C. Donald	Read Replies (1) \| Respond to of 547

Grommit: First Call's data as of Jan 24th had a mean EPS of $2.93 with a range of $2.75 to $3.14 for five analysts. Since DLJ old estimate was $3.27, it must not have been in First Call's data. Do you have any of the updated estimates from the other analysts? Even with 1998 earnings of only $2.42 (DLJ's new estimate), that's 144% more than 1996, 38% more than 1997, and the current P/E is only 7.4. Why is HMAR's stock price so low, especially given the bullish long-term outlook for the sector?