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

To: David Klein who wrote (208)	1/29/1998 7:43:00 PM
From: Robert T. Quasius	Read Replies (1) \| Respond to of 547

I just finished listening to the CC. I was left with a very favorable impresion as well. Based upon the fact that nearly all the ships under construction are already under contract, I don't think the new boats will even amount to a drop in the bucket. Other significant aspects to this are that when more boats become available, it is the day rates of the very old boats that are pressured. This makes perfect sense to me. If you were an oil driller spending tens of thousands a day or more on drilling activities, would you accept an old boat with limited capability and reliability when you could pay more and have assured reliability? Also, the Internatinal market hasn't been considered much in the recent stock action. True, foreign built boats are precluded from the U.S. market, but U.S. built boats can go else where. Also, drilling activity is on the increase elsewhere, and day rates are rising in other parts of the world. I think Hvide's acquisitions elsewhere will prove to be insightful. I am still very bullish on this stock, and wish I had some more capital to invest.