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

To: Robert T. Quasius who wrote (624)	7/31/1998 9:49:00 AM
From: D.J.Smyth	Respond to of 1153

Besides, all the bed news is now out. we all know what the potential bottom brings in earnings and TMAR is trading at 40% below a potential bottom in rates ($4500 day rates in the gulf) relative to trading at 12 times earnings at the absolute lowest end. even with oil at $9, rig count would drop at most by another 10%. they still need to supply the 90% left.

To: Robert T. Quasius who wrote (624)	7/31/1998 3:40:00 PM
From: D.J.Smyth	Respond to of 1153

TMAR's boats are newer than HMAR's, less breakdowns; when up for bid against either TDW or HMAR boats, TMAR boats generally win with their newer vessels in the gulf. I've heard from verifiable sources that TMAR that several employees are buying the stock at these levels. Most aren't "insiders" but they obviously see long term value here. TMAR is trading below break-up costs, below book, below market of $4500 gulf day rates, below, below...wall streets radar screens