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To: monu who wrote (41400)4/2/1999 6:37:00 PM
From: Razorbak  Read Replies (2) | Respond to of 95453
 
Altman Bankruptcy Predictor - Hvide Marine Inc. (NASDAQ:HMAR), Rev. 1

To All: I just completed my latest analysis to reflect the recent filing of Hvide's 1998 10-K, if anyone is interested in the results...

The Altman Z-score trend appears to be going down...

09/30/98Q, Z-score = 0.81 = Near Death (#reply-8422798)
12/31/98A, Z-score = 0.52 = Near Death (#reply-8678406)

Note that company news recently has been getting progressively worse, too...

03/17/99 - biz.yahoo.com
03/31/99 - biz.yahoo.com
04/01/99 - biz.yahoo.com

As I mentioned before, the man in charge is a 2nd-generation executive (i.e., just like at Parker Drilling). Statistically, this increases the inherent risk of failure even more.

FWIW, I think the fat lady may be warming up off-stage. ;^)

All of the above is strictly my opinion, of course. Invest at your own risk, either long or short.

Razor