Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: E_K_S who wrote (49974)	5/19/2013 1:05:23 PM
From: E_K_S	Read Replies (1) of 78507

Omega Protein Corp. (NYSE: OME) - closed out position 40% gain SUPERVALU Inc. (NYSE: SVU) - Closed out my common stock position and booked a 23% gain Copper Mountain Mining Corporation (CPPMF) - upped position by 30% Abraxas Petroleum Corp. (NasdaqCM: AXAS) - Peeled off high priced shares for small loss Penn West Petroleum Ltd. (NYSE: PWE) - peeled off high priced shares for small loss Enerplus Corporation (NYSE: ERF) - peeled off high priced shares for small loss I closed out my position in OMEGA PROTEIN CORP w/ buys in 3/2012 and 9/2012. I may revisit the company after a few more quarters are booked as I bought this based on it's TBV of $10.15/share. Now that it has exceeded this value, I am still suspect that the company can deliver sustained consistent earnings. This has been a problem in the past. If they can, stock could be worth $12.50/share or more and less if they run into more issue. Closed out my common shares of SVU and booked a long term capital gain from low priced shares bought 5/2012. I still hold a 2% portfolio position in the 2016 SVU 8.25% Notes. I decided to keep these until they are called and/or I submit in a dutch tender offer. I hold the 28% gain in the portfolio until the gain is realized. I upped my position in the Jr. Copper miner CPPMF after their Q1 earnings report. I thought it was good reflecting a 5.5 PE if annualized. Company also reported a problem w/ their milling equipment causing the stock to reach an all time low. That for me is/was a buying opportunity since machines can be fixed. CPPMF is still a small position in the portfolio representing only 0.33%. I intend to build this up to a 1%-2% position, once I am assured that their mine is operating at 95% efficiency and their new milling operation through stage II is functioning at/or near 95% capacity. There is no rush to establish this position as I expect further declines in metal and resource prices because of a stronger $US resulting in lower commodity prices. Been selling some high priced shares in several of my smaller E&P oil companies. I have bought lower cost shares reducing my cost basis and now selling off the high priced shares utilizing my small accumulated losses to off set some of my gains from other sales. EKS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next