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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: jim_p who wrote (16180)12/25/2002 10:42:09 AM
From: CommanderCricket  Read Replies (1) of 206085
 
jim_p

I wrote this to Kyrosl on the IPP Merchant Board a few minutes ago. You mentioned you were looking at RRI a few weeks back.

Kyrosl,

Just thinking out loud but why does RRI continue to trade a discount to MIR, DYN, WMB, AYE and others.

When I look at the ratios like price-to-sales, price-to-cashflow or price as percentage of book value, RRI lags in most cases. Price to book value is a "BIG RED FLAG".

I have followed your reasoning on Yahoo and the postings from others and agree RRI is the best of the IPP's. Is BK that much of a concern to justify such a mark down in the assets.

Is the Feb financing the only reason holding back RRI? Is it possible we're missing something?

I have built a nice position but wondering how much to throw under the pillow and wait. Been very successful trading so far.

Happy holidays to you - Michael
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