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

To: Michael Burry who wrote (4018)	5/9/1998 10:42:00 AM
From: Wallace Rivers	Read Replies (1) \| Respond to of 78485

Mike, I'm ALWAYS worried, and am looking further into this issue. The simplistic explanation is that this is an extremely cap-intensive business, and that they have been successful in servicing debt in the past. Of course, if the business totally falls apart, they are in distinct trouble. This is a possibility we live with in just about every company in the equity markets. The most recent debt to equity ratio I have for Hvide stands at 60/40. A competitor, Trico Marine, has a similar debt to equity figure of 58/48, per my most recent statistics.