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: Alex Greenland who wrote (231)	4/6/1998 6:22:00 AM
From: Robert T. Quasius	Read Replies (1) \| Respond to of 1153

HMAR is in a box. With so much debt, the stock sells for low multiples, and without a higher stock price HMAR can't do the secondary offering they wanted to do. I don't think HMAR can take on much more debt, and thus cannot grow as quickly. I'm concerned about HMAR's ability to handle growth. We've now seen two quarters with earnings misses due to dry dockings, teething pains, etc. Remember that this is a relatively young company. I had holdings in both HMAR and TMAR, but sold HMAR after the last earnings miss. The FY98 and FY99 earnings estimates are virtually flat, versus a substantial increase for TMAR. I think HMAR will eventually recover, but will be flat for the next 2-3 quarters.