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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (46051)2/23/2012 12:21:35 PM
From: E_K_S  Read Replies (1) of 78751
 
Denbury Resources, Inc. ( Holdi (DNR) -NYSE

Denbury Resources Inc. Earnings: Higher-Than-Expected Net Income
finance.yahoo.com

Results: Net income for Denbury Resources Inc. rose to $52.6 million (13 cents per share) vs. $10.4 million (3 cents per share) in the same quarter a year earlier. This marks a substantial increase from the year-earlier quarter.
Revenue: Rose 18.9% to $617.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Denbury Resources Inc. reported adjusted net income of 45 cents per share. By that measure, the company beat the mean estimate of 33 cents per share. It beat the average revenue estimate of $579.1 million.

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Pretty good report. Stock +6.14% . Sold my position at $19.75/share as it exceeded the GN value of $19.30/share. Again out too early.

FWIW, UGI is moving again + 4% to $29.56. GN is $27/share. Picked up a few shares below their GN back in January, I see you did too w/ your last buys on 1/25/2012.

I have been using the GN as a method in selecting new Buy entry points. I seem to sell out too early when I use it as a measure of "fair" value.

EKS
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