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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (4017)	5/8/1998 5:33:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 78482

I looked into the debt issue and it scared me off. Can you explain why you're not worried? Mike

To: Wallace Rivers who wrote (4017)	5/10/1998 12:28:00 AM
From: Brendan W	Read Replies (2) \| Respond to of 78482

I can't say I've looked at HMAR. But why look any further than Tidewater (TDW)? Short story ... de minimus LTD, trailing PE is 10, current PE is 9. They're bigger and have int'l diversification. Merrill says day rates and utilization are still increasing in their overseas markets. They've finished a couple million share buyback, and announced another $200m buyback. 1.5% yield. JMO. And I'd like to know what I'm missing. I'm averaging down starting at 40 7/8. 52 week hi low is something like 70/36. I bought it the morning after I first heard about it.