one dollar, page-27

Hi HB,

The one dollar thread will become redundant before too much time has passed. This is the next leg up /re-rating going on, the one interrupted in August.

As for the several dollar predictions, we shouldn't forget that, after all, the growth rate has been and should continue to be exponential for some time. There is no immediate natural limit given the years of unallocated work and the fragmented nature of the international competition.

Cal-dive became the dominant USA player by consolidating the competition and NMS is currently pursuing the acquisition of the cream of the types of capabilities they wish to have in the first place. But what happens after that? Industry consolidation is a function of which only a larger entity is capable.

Especially a large, well-regarded entity who other top performers in their respective fields have been very happy to join with...at P/E valuations much lower than the market attributes to similar companies - which shows you just how happy they are to get on board.

cheers