Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Trico Marine Services (TMAR) -- Ignore unavailable to you. Want to Upgrade?

To: SIer formerly known as Joe B. who wrote (147)	3/24/1998 4:19:00 PM
From: IrieDiver	Read Replies (2) \| Respond to of 1153

My intention is not to "bash" Trico but to voice some concern over what appears to me to be a glaring warning sign. And if I truly believed that by posting some comments on this board I could manipulate the stock price then you'd be reading nothing but rosy comments on the bright future for this company. So in the interest of fairness let me say this, that I do believe TMAR and many of the oil service stocks have been unfairly punished and find it very attractive at a forward P/E of 7 and a Price/Cash Flow of around 8. How many other growth stocks can you find selling for these multiples? That being said, looking at their cash flow statements I am concerned by the A/R buildup and the fact that it looks like Trico has been using receivables and payables to pad earnings. This is so obvious from the statements that I would like to think there must be a reasonable explanation for the practice that I am overlooking or unaware of. As this is a sector I don't commonly invest in, I would like very much to hear the opinion of any oil service analysts or people in the industry who might be able to shed some light on TMAR's cash flow practices. These boards are supposed to be for rational discussion concerning a company's prospects, which is why I've provided these observations. Anyone who believes that by so doing I'm moving the market singlehandedly please feel free to short this stock at your own risk! P.S. My last name is not Price, nor Lynch, nor Greenspan so longs can take heart!