Imperial Metals (IPM.T) Message Board

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

IPM 1.920

-2.0%

Nov 6 3:59 PM EST

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To: refugee investor who wrote (1133)	7/28/2012 9:59:52 AM
From: Italian Investor	Read Replies (1) of 1366

ABB already worked out sold for about a 10% gain, thanks. I never pass up a nice return in a few days. I hope to get back in. I am kicking myself for passing on Berkshire a month or so ago to hard for me to buy know with it being @ a high. L & TSCDY are holding up well so not regretting the Berk recommendation as much. The last 2 days I seriously underperformed but still managed a 1% return lol when the market went up like 4%. Pray for me on Wed when RFP reports I have a 6% position in that name because it has been going down every day and just seems too cheap. A 6% position is huge when you have 40% cash and 10% in short positions. They have 6 billion in assets, cash flow positive, $1.7B in deferred income tax assets, low cost producer, good mgt, and trade for like 950 Million. Yea I know they are in a dying industry like coal with the invention of tablets/smart phones, but what the hellz there assets must be worth @ least a few billion. They have done a good job since emerging from bankruptcy diversifying more so it would be wrong to think of them just as mainly as a paper company. When housing comes back there wood division will be highly profitable and I don’t see people stopping using toilet paper and towels anytime soon. This is like a LUK type company a lot of hidden value in this name if you look around there hydro electric assets look to be worth the current market cap alone there water rights and timber rights for 30 million + miles I have no idea how to value but they must be worth a good penny and there deferred income tax asset should make some company drool. Okay enough ranting about RFP mainly because I am losing money on it and tired of it so had to vent I hope this is not like my genius coal ideas, but right know Mr. Market is giving this name the same treatment. Okay I lied Short interest has been growing also which I find shocking who would short a cash flow positive company nearly debt free with so many assets at a quarter of book, you have to have big ballz to do that. There are a lot of pretty good investors in this name so the short position increasing lately is even more shocking.

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