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Hoffman Offshore (HOFF)

- 31/5/2004 18:13
Telico66 N° messaggi: 1 - Iscritto da: 31/5/2004
I have been watching Hoffman Offshore for some time. Its stock price has deteriorated fairly dramatically recently. There are some obvious reasons given revenue and earnings drops, a fire on one of their platforms, etc. But they still have a book value of over $5 and stock price of $1.21



This seems like an opportunity for possible recovery or buyout given the assets.



Any insight here?
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6 Commenti
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1 di 6 - 31/5/2004 19:23
hulk hogan N° messaggi: 37 - Iscritto da: 04/3/2004
WOW!
2 di 6 - 16/6/2004 09:22
tonman N° messaggi: 51 - Iscritto da: 19/3/2004
Well i too would like to know more them, more than a chart any rate.



http://members.aol.com/hofracing/ Racing Boatbuilderare they, something tells me probably not, have you got a link Telico66? Give me a clue please.



3 di 6 - 24/6/2004 21:56
busterroody N° messaggi: 27 - Iscritto da: 20/5/2004
Its called Horizon Offshore you fools. Hoff is the symbol



' target='window'>http://www.horizonoffshore.com



Horizon Offshore, Inc. provides marine construction services to the offshore oil and gas industry around the world. The Company's fleet is used to perform a wide range of marine construction activities, including installation and burial of marine pipelines with conventional 'S' pipelay and "reel" pipelay methods, derrick barge operations for installation of new and abandonment of old oil and gas producing facilities.

Horizon's mission is to pursue operational excellence while maintaining the highest regard for the management of health, safety and environment (HSE) and quality. In all aspects of our work, we provide high quality, industry recognized marine construction services throughout the world.



Anything to do with oil and gas has to be interesting at the moment.

4 di 6 - 06/1/2005 06:47
1ronman N° messaggi: 3 - Iscritto da: 05/1/2005
I believe this stock will go to 4 maybe 5 bucks I bought in at 1.61.
5 di 6 - 08/1/2005 07:01
willylaud N° messaggi: 27 - Iscritto da: 26/11/2004
I have read something about this stock on a few other websites as well. It would seem that alot of them are saying don't buy just yet as the stock will probably drop before it gets better.

I have also looked on stockwatch.com and they rate this stock as one of the best performers that will be coming out in the new year, as stated by pennystocks.com. I find them to be a pretty reliable source.

Also, they have just signed a major contract to lay pipeline along the coast in Africa for an estimated 179 million!

Financials don't look too bad either.

Just FYI!
6 di 6 - 08/1/2005 08:07
bruwin N° messaggi: 1860 - Iscritto da: 25/6/2004
I'm in the business of Marine Construction and Subsea Pipelines and it can be a risky and expensive business. However, there aren't many specialist companies that have the know-how and resources to do this work, so there is a certain amount of "niche market player" in this field of engineering.

The one thing to consider about construction companies is the fact that they often tend to have smallish Operating Margins, due to normal 'competition' considerations. Therefore if things don't go well with large projects they don't have a big "cushion" to absorb losses.

In my opinion, it's best to check out the Income Statements of construction companies and determine what their margins are before you invest.



P.S. Just checked HOFF's Operating Margin. It's a measly 1.66% ! Also, it's last Annual set of results showed a BIG bottom line loss. That's why it's so important to know how to read and analyse a company's financial statements. Hopefully it will make big profits on it's African contract !


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Titoli Discussi
NASDAQ:HOFF 0.00 0.0%
Horizon Offshore (MM)
Horizon Offshore (MM)
Horizon Offshore (MM)
Indici Internazionali
Australia 0.6%
Brazil -1.7%
Canada -0.9%
France -0.5%
Germany -0.5%
Greece 0.3%
Holland 0.0%
Italy -0.5%
Portugal -1.1%
US (DowJones) -0.2%
US (NASDAQ) -0.2%
United Kingdom -0.5%
Rialzo (%)
BIT:WPSQ26 0.08 40.4%
BIT:WOSA25 0.35 39.9%
BIT:1GME 39.33 28.9%
BIT:WSMN26 0.06 28.0%
BIT:WALFO 0.03 20.1%
BIT:WBELL 0.06 18.1%
BIT:TSL 0.82 13.2%
BIT:WSIAV 0.09 11.8%
BIT:SIAV 2.78 11.2%
BIT:CIA 0.04 8.5%

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