Hi CK A share price in the 20s might even be optimistic if you...

Hi CK

A share price in the 20s might even be optimistic if you take a look at the latest update from Hornbeckoffshore per link below.

The update has a fair bit of information, but for example, they project that in the year coming of their new generation boats 46 of them will be stacked and just 17 will be working over the next year.

Thats right 46 boats idle and just 17 working! That is the year coming too!!!!

Link re latest update and guidance from Hornbeckoffshore is here:
http://ir.hornbeckoffshore.com/phoenix.zhtml?c=132245&p=irol-newsArticle&ID=2165186

We have not had any word what so ever for MRM for a long long time... Can't be good news from MRM when we finally here from them.

Scary stuff.