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Strategies & Market Trends : Value Investing

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To: ValueGuy who wrote (41726)	3/14/2011 10:33:56 AM
From: Jurgis Bekepuris	Read Replies (1) of 78748

I am not sure why you think that POE.V/POEFF sells below book value. According to September 2010 results, the shareholders equity is 187M or 205M depending whether you count non-controlling interest. Market cap is about 338M (49M shares x 6.79 or 6.91 price). So it's selling at ~1.7-1.8 book value. Your other numbers were correct, but your calculation of book value is not. IMHO POE.V/POEFF is not very cheap, but then I am not "conventional" investor in E&Ps. Good luck

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