PGO. Thread: If anyone here is interested in reviewing a stock that seems to be garnering strong interest on several S.I. threads, while at the same time still being a stock that might actually (-g-) be a value stock for people here, then PGO is that stock.
Seitel, a stock in the seismic data business similar to PGO, was discussed here a couple of years back, and as I recall, posters who bought then did see decent profits.
I don't own SEI (missed it back then too), but I have started a small position in PGO. Company could have revenue accounting issues (barter agreements recognized as sales ala SEI which is dissed in current Forbes for such "sales" issues and management issues.)
I like PGO because it seems to be a standard value stock - low p/book, low p/sales, and low current price compared to past prices in the oil/gas business cycle.
I'll want to extra alert if I add to my position and how much I ultimately take:
It's those bullish views by many apparently knowledgeable and successful and confident S.I. posters who have been buying PGO - and buying very heavily, it seems. For me, I can get caught up in the psychological issues related to all that. Pride/shame factors, inclusion needs vs. exclusion fears, getting on board the boat vs. missing the boat -- all that stuff that Ben Grahamers might ignore -g-.
finance.yahoo.com
Paul Senior, who
has succumbed in the past to siren songs. |
