Hornbeck Offshore Services Inc fka HOSSQ

[Doug Hauser]

http://www.hornbeckoffshore.com/

Go ahead and read up on her. Alls I know for sure is she printed over 30 couple times this past year. Got stampeded on a single day down to 17.76 but comin back some. As they said on Feb 11:

COVINGTON, La., Who Dat Nation, Feb 11, 2010 /PRNewswire via COMTEX/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today results for the fourth quarter ended December 31, 2009. Following are highlights for this period and the Company's future outlook:

Company initiates 2010 EBITDA and earnings guidance
Contract backlog for new generation OSV vessel-days at 56% for 2010, up from 40% as of 3Q 2009
Vessel-stacking and fleet rationalization strategy saves $32.1 million in 2009 cash operating expenses
Cost-cutting initiatives contribute to lowering G&A to 8.5% of 4Q 2009 revenues, below guidance of 9% to 10%
Eight new gen OSVs set to mobilize to Latin America in 1H 2010 to commence multi-year charters
Two DP-2 new gen OSVs were placed in service during early 1Q 2010 under fourth OSV newbuild program
Only two DP-2 new gen OSVs remain under fourth OSV newbuild program to be placed in service during 2010
DP-2 HOS Strongline, the fourth and final vessel under MPSV program to be placed in service in March 2010

Fourth quarter 2009 revenues decreased 27.0% to $88.3 million compared to $121.0 million for the fourth quarter of 2008 and decreased 2.0% compared to $90.1 million for the third quarter of 2009. Operating income was $24.2 million, or 27.4% of revenues, for the fourth quarter of 2009 compared to $56.5 million, or 46.7% of revenues, for the prior-year quarter; and $27.1 million, or 30.1% of revenues, for the third quarter of 2009. Net income for the fourth quarter of 2009 was $9.3 million, or $0.34 per diluted share, compared to $34.6 million, or $1.29 per diluted share for the year-ago quarter; and $13.8 million, or $0.51 per diluted share for the third quarter of 2009. EBITDA for the fourth quarter of 2009 was $41.2 million compared to fourth quarter 2008 EBITDA of $70.5 million and third quarter 2009 EBITDA of $43.6 million. The year-over-year decrease in revenues, operating income and EBITDA was primarily due to a substantial decline in fleetwide average dayrates and utilization for both of the Company's segments. Included in fourth quarter 2009 results was a $0.8 million ($0.5 million after-tax, or $0.02 per diluted share) gain on the sale of six single-hulled tank barges for net cash proceeds of $3.5 million. For additional information regarding EBITDA as a non-GAAP financial measure, please see Note 10 to the accompanying data tables.