Kerm/Newport
Well, I did not expect NPP to dive as much as it did following release of 3rd quarter results, or lack of them. Thought I would have to look at a $6.00 entry point, not $4.50! In any event, with shaking hand, I pressed the buy button on-line this afternoon and jumped right back in at $4.45. I'm probably being less than objective here, but I see only delays in the company operations, not abandonments or melt-down or anything like that. So, if you believe the plays are just as good as yesterday, and management retains your faith, then the fundamentals will come through as well, albeit somewhat later than hoped-for. Additionally, with or without production delays,look at some other well-regarded companies. AEC, Berkeley, Pacalta, Paramount, Startech, all well off their highs. Just seems to me, Newport's downside is minimal. We'll see.
Kind regards
TM |
