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re: South LA is like Detroit now

Posted on 3/9/17 at 5:15 pm to
Posted by WavinWilly
Wavin Away in Sharlo
Member since Oct 2010
8788 posts
Posted on 3/9/17 at 5:15 pm to
The boat companies are all in a massive world of hurt. If the offshore oil industry was an organism, the OSV companies would be the anus.

GLF, TDW, HOS, Harvey, Chouest are all in a massive world of hurt right now. Take a drive around Houma and Amelia and look at the massive amounts of stacked boats, many brand new.
This post was edited on 3/9/17 at 5:15 pm
Posted by tgrbaitn08
Member since Dec 2007
146911 posts
Posted on 3/9/17 at 5:18 pm to
Seacor is really the only company that remains strong just because how diversified they are.

TDW will restructure
HOS balance sheet looks okay but they are still hurting and have shareholders to answer to. They'll be okay.
Harvey is hurting and owes Wall Street a lot of money
ECO is in big trouble
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