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

To: IrieDiver who wrote (186)	3/26/1998 1:05:00 PM
From: 007	Respond to of 1153

Downside in earnings and downside in share price are two different things. When the outlook for oil is down then so are these stocks, even if earnings are up. It's just the way the market works, plus it makes sense that if oil is likely to stay low then the share prices should come down due to lower expected earnings over the long-term. Fortunately, it looks like oil will remain at price levels that should maintain confidence in the long-term prospects for TMAR's business. I think we're clear from the fears that persisted before, so I don't feel that there is much downside from here. I bought back in and had to pay a premium for getting out. Oh well. Now, if we stay above 22, we might see a steeper trendline for TMAR. This stock should have a PE of 20 and the market is starting to realize that. 007