SMHI: Back to Black

SEACOR Marine Q4 1st Look

SEACOR Marine (SMHI) is an Offshore Support Vessel (OSV) play, and considered an alternative to Tidewater (TDW) for investors who prefer US listings. It is illiquid and has corrected a lot since the past earnings report... and in contrast to its ‘big brother’ TDW 0.00%↑ the valuation has not recovered much.

But with yesterday’s report, net income is back in positive territory for the first time in years. Back to black.