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

To: D.J.Smyth who wrote (449)	6/19/1998 6:03:00 PM
From: D.J.Smyth	Read Replies (1) \| Respond to of 1153

one other comment <<Tidewater. but looking at it closer, Tidwater, over the next three years is looking at retiring 20% of their fleet in the gulf due to age, and this process will continue over the next ten years.>> what i should have said is that Tidewater is looking at total replacement of their aging fleet, such that even Tidewater can't operate profitably at $4,500 as replacement costs for new vessels are $7200 to $7700 depending on the vessel.

To: D.J.Smyth who wrote (449)	6/19/1998 7:31:00 PM
From: JZGalt	Read Replies (1) \| Respond to of 1153

what am I missing here? Please listen to what I've been saying. You are trying to be rational and reasonable. You analysis is absolutely correct in the most part. I've not checked every number you have used, but they seem correct. What I am trying to get through to you is that this is not a period of time where the fundamentals are in control of the stock, but external forces are. It really is as simple as oil up = good and oil down = bad in the thinking that prevails. When stocks go up, then tend to go up too far and when stocks go down they tend to go down too far. TMAR is clearly in the "down too far" mode, but there is little evidence that it will change anytime soon. Just wait until the price of oil stabilizes and the price of the stock starts to firm. You will pay 10-20% more than the bottom price reached, but enjoy the enormous potential that is in this stock. You cannot fight the tape unless you have more resources than I have.