SEACOR Marine Holdings – Not For Timing But Time ArbitrageGuest Post
In the June 2017 Newsletter, I had written about SEACOR Marine (SMHI), an owner/operator of offshore support vessels (OSVs) that provides services to the global oil and gas E&P sector. SMHI was spun off by SEACOR Holdings (CKH) on June 1, 2017. At the time of my previous writing, SMHI stock was trading at $20.26. Since then, it has declined 38% to $12.48 without any apparent or significant change in company or macro fundamentals. This has prompted me to take another look.