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Re: spec machine post# 87187

Thursday, 03/19/2009 11:23:26 PM

Thursday, March 19, 2009 11:23:26 PM

Post# of 107353
There are many variables indeed, and nobody can discount the fact that all markets are gravely depressed.

I for this moment in time, agree with your 6 months (based on what we know NOW)

But believe , even based on the information we have at hand that the 1 and 2 year especially , have been given a grossly undervalued projection. [JMHO]

Only time will tell, and i appreciate the conservative approach much more than 8 in 08, but Imo you are discounting the subsea service markets for an overextended period of time(JMHO)