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Strategies & Market Trends : Value Investing
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To: Sergio H who wrote (44881)10/11/2011 12:47:30 AM
From: Difco  Read Replies (1) of 78662
 
Hi Sergio,

TGS has kind of a sentimental value to me as I was doing a lot of research at the time over gas companies and is the only one that I have kept from that time. The reason I started buying it was for its balance sheet and the expansion of natural gas usage in the region. Also, if you remember, nat. gas was around $14 per mmbtu at the time, which was substantially higher from historic and current prices. I remember analyzing the ownership structure (the shares trading in the US are restricted) and also the relationship between the USD vs the Argentine peso - if you have time take a look at the major owners and I think that might give a clue why they paid out the dividend (I'm just guessing). One thing I have found a little bit frustrating with companies like TGS is the timeliness of their financial reporting, which is another reason I haven't been following it as passionately as once had. Let me know if you find something - I'll dig a bit myself, but I would qualify this investment in the same category as Paul Senior's Kodak shares - more of sentimental value than economic one.

The article in seeking alpha says:

"...it has an inconsistent dividend record, however, it paid out $1.505 per share in May – quite substantial considering the stock price was $3.71 at the time..."


The stock, as I remember, actually traded higher than $3.71 - it went down to $3.71 after the dividend was paid out.
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