Imperial Metals (IPM.T) Message Board

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Gold/Mining/Energy : Imperial Metals (IPM.T)

IPM 1.850

-6.6%

Nov 13 3:59 PM EST

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To: refugee investor who wrote (657)	9/24/2010 10:57:18 AM
From: Italian Investor	of 1366

Another Guru on the SD bandwagon, not a big fan of Weitz but good to see him on board One of our most recent purchases is SandRidge Energy (NYSE:SD - News). People saw it primarily as a natural gas company. It was underappreciated because of the low price of gas and a leveraged balance sheet. People ignored the fact that it had a pending acquisition of Arena Resources (CDNX:ARD.V - News) (completed in July). Arena is primarily an oil company and its assets made a major difference to the quality of SandRidge's balance sheet. SandRidge seemed mispriced because it was underappreciated for reasons that would only be temporary. The Stats: Wally Weitz is sometimes called "the other oracle of Omaha." His Omaha-based firm, Wallace R. Weitz & Co., manages about $3 billion for the Weitz Funds. One of his oldest funds, Weitz Partners III Opportunity, was a hedge fund that converted into a mutual fund in 2005. Since its 1983 inception, it has had a 12.8% annualized return, vs. 9.8% for the S&P 500

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