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TransMontaigne, Inc. (TMG) Message Board

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  • Wall_St_Shill Wall_St_Shill Aug 10, 2004 8:24 PM Flag

    Sale of Company

    Appreciate the concerns about high leverage of the company. Leverage is fine if managed carefully. Take a look at Tesoro Petroleum, which had a voracious apetite for debt a few years ago. I looked at it (but foolishly didn't buy,as I thought it would go Chapter 11) two years ago at 1.50; now it's the 20s. Still holding my breath for 9 or 10 on TMG.

    TMG has to file its 2nd qtr 2004 form 10-Q no later than next Monday, and so it will be releasing its quarterly results very soon. I suspect the results will be positive.