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Tidewater Inc. Message Board

  • Gymnutt58 Gymnutt58 May 7, 1999 3:41 PM Flag

    Very interesting link re:HMAR/TDW/CKH

    (christy03, poster on HMAR board contributed this link)

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    • I really enjoyed the way this guy layed out the
      scenerios. The same market scenerio applies to tdw and its
      other competitors too just not the same struggle to
      survive. I am glad that someone else has focused some
      attention onto the $5 bn of vessel newbuilds that I had
      been talking about and shouted down on this and other
      boards. The new vessel building boom will significantly
      slow down any recovery driven by increased drilling
      activity. Tdw I feel has no problem in the long term and
      can only benefit from this slowdown as a market

      • 1 Reply to one100pct
      • With the Market nearing the top and PEs at all
        time highs, one must find stocks that is undervalued
        and still growing very fast.

        Jan-Bell is such
        a company:
        Trading at only 6 times earnings, JBM
        retails fine jewelry and Rolex watches like Tiffany &
        Company. Yes the same one in the movie "Breakfast at

        However, JBM is growing at 60-70%, much faster than it's
        peers like Gucci and TIF.

        What's more Jan-Bell
        has been buying back aggressively, $15 million stock
        buyback at the current price is equivalent to 1/3 it's

        Next year JBM is projected to make about $.89 - $.99
        per share, giving it a future PE of 3 and a book
        value of $5.26 at the current price.

        Rumours has
        it that Merrill have been buying large blocks of JBM
        at 3 to 3 1/2. The volume lately had been higher
        than normal. At target price of 25, JBM will have a PE
        of 26 still way below

    • article and thanks for posting it.

      It is
      worrisome that Exxon and Mobil are in serious talks with
      the Saudi's to extract their oil. This definitely
      could have an impact on the oil services

      From the article, it appears that TDW has a tough
      decision to make if they indeed are thinking about
      acqusition. Acquire the company and its debt, or take the
      chance that Hvide files for bankruptcy and acquire
      assets after the fact.

      I think it all depends on
      how quickly oil demand rebounds. If it rebounds
      quicker than expected along with an uptick in oil service
      revenues, then Hvide has less incentive to file Chapter XI.
      If the rebound drags out, then Hvide's creditors may
      start putting the pressure on Hvide to liquidate

      A very complicated scenario -- this oil service
      industry. So many factors:

      1. Continued global
      economic recovery?
      2. Continued OPEC compliance with
      3. Interest rates and inflation remain tame?
      Major oils cutting oil recovery deals with the
      5. Possibility of recession in the U.S.?
      Favorable weather patterns?

      • 1 Reply to SrBugs
      • i found this message on another board concerning
        a pennystock THES, it says TDW is interested in
        buying the patents from THES for their technology of
        turning saltwater to fresh water, anybody here know about
        this,>>>here is the posted

        Hot Stock

        MIKE []

        THIS is what the little birdies are saying, I guess
        tide water inc are interested in the saltwater to
        freshwater thing, Iam hearing thier not interested in the
        company(THES) only the patents and all exclusive rights for
        this special process,I also understand that THES will
        profit greatly for the sale of this process, and will
        use the money to continue thier focus on their energy
        storage business. well we will see next week how true
        this is


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