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


To: Thomas C. Donald who wrote (227)1/31/1998 8:40:00 PM
From: John S. Sturges  Read Replies (1) | Respond to of 547
 
Add $60million of convertible debt and you get there.



To: Thomas C. Donald who wrote (227)2/1/1998 1:08:00 AM
From: Grommit  Respond to of 547
 
Oppenheiner agenda? I have trouble with conspiracies and agendas and out of my league. I would imagine that HMAR is not pleased with Opp. How that affects future mutual business I would not know. Does HMAR boycott Opp or use them to gain their favor? Probably best to concentrate on what we can understand, and avoid the speculation. But if someone here in in the business and could discuss the politics from experience, it might be interesting. And a TDW/Opp conspiracy! Lions and tigers and bears, Oh my!

As far as HMAR paying the debt from operation in 2 years. Reassuring indeed, but as we know -- they have no intention of standing still. I think they plan on passing microsoft...

Someone mentioned TMAR and their fleet age. Do you have more information about it, with a distribution/breakdown perhaps?



To: Thomas C. Donald who wrote (227)2/1/1998 11:02:00 AM
From: scott mcdowell  Read Replies (2) | Respond to of 547
 
I think you are mixing up cash flow which is earings before interest,
taxes,depreciation, and amortization with free cash flow which is net income and depeciation added back in as it is a non-cash charge. This figure is what would be available to pay back debt and would be much less than 81 million you quoted. Latest earnings will break this out for you.