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

To: Robert T. Quasius who wrote (590)	7/28/1998 9:16:00 AM
From: monu	Respond to of 1153

Earnings .56 biz.yahoo.com

To: Robert T. Quasius who wrote (590)	7/28/1998 9:44:00 AM
From: Stephen L. Smith	Read Replies (3) \| Respond to of 1153

>TMAR: RAYMOND JAMES decreased estimate for fiscal year ending 12/98 from $2.10 to $1.45 on 07/24/98 $1.45 for FY '98?< What am I missing? We've got earnings in of $1.04 for Q1 & Q2. Does that mean that James projects earnings of $.41 for the second half? Does this seem reasonable?

To: Robert T. Quasius who wrote (590)	7/28/1998 5:14:00 PM
From: D.J.Smyth	Respond to of 1153

<<TMAR: RAYMOND JAMES decreased estimate for fiscal year ending 12/98 from $2.10 to $1.45 on 07/24/98 TMAR: RAYMOND JAMES decreased estimate for fiscal year ending 12/99 from $2.25 to $0.90 on 07/24/98 >> what a dink. during the cc they basically rebutted this. Trico has already made $1.04 during the first six months. next quarter with day rates averaging around $7000 they'll make another $.52; i.e., $23 million from supply boats (37 boats revenue positive), $21 million from Anchor Handling, $2.7 million from lift boats and $3.7 million from crew handing, total revenue = $51.40 million, decreased debt, earnings at least $.52). then in the 4th quarter with day rates at about $6100 average for supply boats in the gulf you come up with about $.51, i.e. $21.4 million from supply boats (39 boats revenue positive), $21 million from Anchor Handling, $3.6 million from lift boats (6 boats operational in the 4th according to cc) and $3.7 million from crew handing, total revenue = $49.70 million, decreased debt service and taxes, earnings at least $.51). So you have $1.04 plus $1.03 which is $2.07. there is currently nothing relative to new builds entering the north sea which would cause day rates for the reaminder of the year to drop from the $15K average then hopefully, if oil prices begin to strengthen as they are supposed to, you have a $20 stock again.