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

To: schzammm who wrote (20054)	11/15/2004 8:29:49 PM
From: Brinks	Read Replies (1) \| Respond to of 78567

Storm Cat was up 21 % today. Since this is the Value thread I have a Warren Buffet story below that relates to this stock and the person who first selected it. Hey I love Graham Net-Net stocks!! Bring back July 2002 where I had a pool of over 600 of them to pick from. finance.yahoo.com As I mentioned in other post I just participated in that private offering. Shares are restricted. No intention of selling. Zimmerman is building a real company. Zimmerman has a 22 year track record Not sure why I would want to sell this. You do enormous due diligence on an individual who is going to build a major CBM company. Zimmerman bought production today per news release. The risk is reduced, will not know to what extent for a while. There was also a news story in Petroleum News on Sunday that they were successful in bid for some Alaska property. Great Story. No need to post. Here take a look at this Wyoming E & P company--why would you sell this out early? I know people who did.: finance.yahoo.com A friend said it best about Storm Cat--better than I did I believe: "To keep it simple: They have the property; they now have the management talent to attract more talent; and they have access to money. It will take time for them to execute and that is always a risk but I like the odds of only 1 risk (execution) rather than 4 (property, talent, money, execution)." Since this is the Value thread it is appropriate that I end with what Warren Buffett advised his neighbor and the person who recommended Storm Cat Mike Schaefer: "Mike was a good friend with Warren's son, Howie, and spent a lot of time at the Buffett house. Through osmosis and a hunger to learn more about the financial markets, Mike learned everything he could from Warren Buffett. The wisest advice Buffett gave to Mike was "to pick a specific part of the financial market, and study it until you know more about it than 90% of other investors. When you do that, you can't help but be successful." That's when Mike decided to enroll in the Colorado School of Mines, and learned everything he could about the business of precious metal and oil and gas exploration. In the early 1980s, Mike moved to Wyoming, where a boom in coalbed methane exploration was taking place. " End