Seacor Smit CKH Oil Services Fleet | Stock Discussion Forums

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Gold/Mining/Energy Seacor Smit CKH Oil Services Fleet

To: Mel Spivak who wrote ()	11/4/1997 10:49:00 PM
From: Tom Stone	of 10

?mark here is mgmts investor relations. Seems like Raymond James recently lowered to neutral due to being unable to get decent communication with mgmt. They projected great earnings but wonder why they are raising all of the cash - now have $300 mil with no specified plans for it. Interesting situation and low pe compared to all others in the business and there must be a reason why.

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To: Tom Stone who wrote (1)	11/5/1997 8:46:00 AM
From: Mel Spivak	of 10

Some great insight into CKH posted on the "Strictly Drillers" thread. Consensus seems to be a strong buy here. Mel

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To: Tom Stone who wrote (1)	11/6/1997 10:11:00 PM
From: soozathelooza	of 10

tom... where do you see the 300 mil in cash ? the following site shows as of june, a cash position of 162 mil. and lt debt of 217 mil. earnings of $2 for 3Q, would give them an extra 26 mil in cash. hoovers.com its a cool site... paul.

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To: soozathelooza who wrote (3)	11/6/1997 11:10:00 PM
From: Bill Li	of 10

Paul, In late Sept. they issued a $150m 0f senior note of 7.2%. That's why the stock got hurt. Bill

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To: Bill Li who wrote (4)	11/6/1997 11:49:00 PM
From: soozathelooza	of 10

bill... what to do with all the $$ ? new vessels ? acquisitions ? stock has been slipping lately. any thoughts on a possible entry point ? paul.

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To: soozathelooza who wrote (5)	12/16/1997 4:36:00 PM
From: Mel Spivak	of 10

Spoke to CKH today. Mr Washecka of the NYC office was quite knowledgeable. They have been aerning about $1.25 or so from operations. Sale of assets brought their EPS up. THeir rev's come: 45-50% from Gulf of Mex. Other areas they operate in are: Mex, So Amer, W Africa, N Sea, Far East. Their vessels are fully deployed. They have new vessels on order that will be coming on line. They are all "called for". The type of vessels are: Crew boats, Utility, Supply and Anchor boats. Anchor boats tow the rigs out and get them set up (anchored). Competitors are: Tidewater, Trico Marine, Ensco. The bond proceeds are in ST investments costing CKH about 1.5%.

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To: Bill Li who wrote (4)	1/1/1998 11:35:00 PM
From: Mel Spivak	of 10

CKH held much better than most and is now headed back toward the highs.

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To: Mel Spivak who wrote ()	7/31/1998 8:57:00 AM
From: NewsTrader	of 10

The Texas-based Bass family lifted its stake in Seacor Smit (CKH) to 11.3%, and now holds 1,498,500 shares. The group purchased 267,900 shares at $50.88 to $58.59 per share in July.

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To: NewsTrader who wrote (8)	10/9/1998 4:28:00 PM
From: Andy Patton	of 10

Nibbled at Seacor Smit today; bought at $31.25. I'm encouraged that the Bass family was (hopefully still is) holding a large chunk, as they're very astute. My price is below book value--so there should be a margin of safety--about 20%. Oil services companies look really undervalued... -Andy Patton

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To: Andy Patton who wrote (9)	10/22/1998 12:33:00 PM
From: Andy Patton	of 10

CKH up to 44 today from 31 or so 2 weeks ago. Any idea why? Were oil services oversold and this is just a bounce back? CKH is still not far above book, so perhaps it has room to go further... -Andy Patton

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