Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: TimbaBear who wrote (13576)	1/4/2002 2:27:29 AM
From: Paul Senior	Read Replies (2) \| Respond to of 78684

REF. I hate it when I come across these simple, little companies where I can't easily figure out the financials. -g- I show that every year from '95 to latest figures (3Q '01) this company has been profitable. In some years making more than a buck a share. Total reported earnings, '97 to present: $4.61/sh. Okay, so what did they do with all these profits? There's not been any long term debt since '95. Stock outstanding has remained the same roughly since '97. There's no dividend that's paid. Book value in '97 was $6.19 Currently it's $5.90 So if they didn't pay down debt, and they didn't pay a dividend, and they didn't buy back stock, and the money isn't kept internal (book value decreased!) where did that $4.61 go? Or did it not really exist for stockholders? Paul S. assuming I've got the correct historical data and used it correctly. (I notice EBIT is negative from '99 on, but earnings are positive. Maybe that's a clue. (?))

To: TimbaBear who wrote (13576)	1/4/2002 12:05:52 PM
From: isopatch	Read Replies (1) \| Respond to of 78684

Timba. An energy stock idea that might interest you folks. Mishedlo suggested CRED and posted it a few days ago on our Strictly Drilling II thread. After some DD I bot a partial position in this sm NG E&P. There's an additional kicker beyond their growing gas production. Seems they've developed a viable enhanced recovery technology for obtaining significant additional natural gas production from wells classified depleted based on conventional technology. biz.yahoo.com Thought selling above book and not technically a "value stock", they have an excellent balance sheet with no debt and a 4.80 to 1 current ratio. A bit larger in cap and trades somewhat more vol than PHOC, but still a thin trader comparted to most of my other energy stocks. I'm in only a partial position for that reason. But IMO it should be a money maker over the next 4-8 weeks with the rest of the sector. Regards, Isopatch