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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (15861)	11/23/2002 7:41:21 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78495

Godot, haven't considered SOSA. My preference is for the parent company. I am hoping SNSA's storage/shipping business and its oil business are both at cyclical lows. SOSA results do seem to drive SNSA's. So if/when the oil bidness improves, I believe SOSA will be the better stock performer. I chose SNSA though: a guess that it's less volatile and a more conservative stock play (than SOSA).

To: Sergio H who wrote (15861)	11/24/2002 3:07:18 PM
From: Marc Fortier	Read Replies (1) \| Respond to of 78495

I am in the process of researching SOSA after your suggestion. I am impressed so far by what I found. This is a high quality operation, obviously, trading at a very cheap price in relation to the value of its assets. Of course, there has been a few problems in the business, but it seems to have been addressed (this deserves to be check closely though). There's also an issue regarding some trade with Iran, but again the penalty -- if there's any -- would not be that bad according to what I have learned so far (the market does think so too, apparently, when you look at the price action Friday). An other point -- and not the least --, there has been a strong and steady volume on the stock in the last weeks. I am not an expert in TA, but it looks as heavy accumulation at these depressed prices. To summarize, SOSA looks like an interesting turn-around play. Thank you for your tip.