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

To: Grommit who wrote (752)	8/25/1998 4:55:00 PM
From: D.J.Smyth	Read Replies (1) \| Respond to of 1153

we reviewed with them over the past several months, yes, and privately reviewed past earnings statements up to two years back. but, given today's share price drop, we're going to call again. the bottom line variable is the profit margin. jefferies assumes a significantly lower profit margin due to decreased revenue not being able to keep up with fixed costs, labor and otherwise. i would think tmar would, as they've done in the past, find ways to decrease costs by retiring boats. jefferies also makes another assumption which i've not been able to verify as yet. i should have an answer shortly on this, however. interestingly, IR at tmar STILL believes they'll make no less than $2 a share next year. here's the globes take on today: boston.com

To: Grommit who wrote (752)	8/26/1998 8:51:00 PM
From: steve goldman	Read Replies (2) \| Respond to of 1153

Bot some more today. Looked too cheap. HAD an average price of 12 on some pretty good size...added about 30% more to my position. Last I checked, cheaper was better. Making 56 cents last quarter, beating estimates by 10%, i'll take my chances here. Nonetheless, dont forget that stocks do go to zero, that bad gets worse and that it usually gets ugliest before it turns. Is today the ugly bottom? I dont think you'll see a true recovery until oil turns and value players come in..nonetheless, the move from 11 to today's close is a bit much. Risk, reward, thats why they call it a market! Lets see Dell makes 2 and change and trades at 134 , Tmar makes roughly the same and trades at 6ish...risk/reward...heck, I know i cant lose anymore than another 6! -Steve