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

To: Grommit who wrote (377)	5/6/1998 4:38:00 PM
From: Mark	Read Replies (1) \| Respond to of 547

Grommit - Thanks for the CC notes. It all sounds pretty positive. What price does this stock deserve ? I wouldn't even guess at PERs, but even with the current debt situation, $18 is looking "cheap". However, until oil really does strengthen, and it is still floundering around $15, we probably won't see realistic pricing for the service stocks. Until then I think we can feel confident that at a PE of around 10, (and less than 8 for forward looking) this is a stock that is likely to receive a lot of positive interest over the next year or so. In fact, with the majority of these service stocks having now hit or exceeded expectations, it may be that the institutions will now start buying. Mark