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Politics : Ask Michael Burke

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To: Ralph W. who wrote (94780)3/2/2002 5:28:50 PM
From: Joan Osland Graffius   of 132070
 
Ralph,

Oh, another place is coal. Three companies that could be of interest: PVA ARLP and CNX. All three of these have their own story. The stock holders are working over management to unlock shareholder value at PVA, ARLP is having some operational problems at the moment, and CNX has been in a down trend where the dividend starts to look interesting. Have not bit on any of these yet. Have a real problem with CNX. I purchased it at 13 when all the money in the world was chasing the dot.coms in 1999, you know the same time baby Berkshire was trading at 1380. Looking to buy CNX at 23 as a good value is real hard to realize. We always remember the good times when things were "very very" cheap. Kind of like pop for 5 cents a bottle when I was a kid. <g>

Am not buying REIT's. IMO the time to buy these is when we know the economy is recovering. Maybe some nursing home REIT's or something that is required for survival.

Joan
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