Anyone know any news on TBSI?

[KPN_1991]

Anyone know any news on TBSI? Thinking about buyin some shares and just wondering if anyone has any thoughts on it.

[InvestingMoron]

I like CRGO better than TBSI.

[MoMoney4Me]

Anyone know any news on TBSI? Thinking about buyin some shares and just wondering if anyone has any thoughts on it.

TBSI announced May 10 its financial and operating results for the first quarter ended March 31, 2006
Net income for the first quarter 2006 was $7.3 million, a decrease of 54.9% compared to $ 16.2 million in the same period of 2005.
Regarding market conditions, in the first quarter 2006 we had to cope with the post Hurricane Katrina effects in the Gulf area as well as throughout the Atlantic basin that created labor shortages, port congestion, truck, rail and barge delays and other disruptions in the normal cargo flows. These conditions had an overall negative impact on Freight Rates and Time Charter Rates in the Gulf Area. Consequently there were delays in scheduled shipments which had a negative impact on vessel repositioning and deployment impacting revenue and profitability. These factors are mitigating and the Gulf area is slowly returning to its normal conditions.