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  4. Hollund Industrial Marine Inc. (HIMR) Message Board

Sure the top line potential is better elsewhere, b

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Post# of 17862
Posted On: 01/06/2014 10:47:21 AM
Posted By: dano9008
Re: Kgem #9457
Sure the top line potential is better elsewhere, but after you give 20% to a foreign government and maybe another 20% to a JV partner and who knows how much for shipping, where do you stand. A salvage operation here could potentially save on each of those and have a good bottom line. For now I wish they would focus on the kinds of operations that have low start up costs and build a business. I want the mega foreign concession too of course, but overreaching can often get you nowhere and I suspect HIMR's management has fallen into that trap in its history. They referred to the concession in Panama as one which was "not even on their radar", but that was brought to them by an adviser  and they seemed apologetic about it's size - well....where would we be without it. To me a small concession like the one in Panama is just what we needed and so, I wish they would readjust their radar - it would be great to have some more like it. My hope for the stock is that in the future we go thru a phase where HIMR is perceived as a growth stock and that will require multiple operations and salvaging in North America could be part of that.

But don't get me wrong, I hope for the mega foreign concessions full of exotics too. Especially in Asia.


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