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

To: Madharry who wrote (20092)	11/18/2004 12:30:37 PM
From: Brinks	Read Replies (1) \| Respond to of 78530

Mad Understood. I take Warren Buffett's comment to newsletter writer Michael Schaefer very seriously: 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." END In case anyone is wondering about the little stock I posted here last week it has had two news announcement and is up some 35%. Still very early days. Coalbed methane is this country's future for natural gas. Here you had a CEO with 20+ years of experience with a $ 2.1 BILLION company that had a annual $ 200 million drilling budget start a new company with $ 20 million market cap. Difficult to go wrong. Plus he acquired production per news release on Monday so he has revenues. Risk reduced further. Never a dry hole with coalbed methane!! Therefore little risk. Know more about it than 90% of other investors! finance.yahoo.com

To: Madharry who wrote (20092)	11/22/2004 2:08:08 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78530

I'll start an exploratory position in Korea Electric Power (KEP). Madharry, were you the person who posted on a couple of Korean stocks? I don't remember, and SI search engine doesn't go back far enough to check. Would you (or anyone else here) have a comment on KEP? The stock's come off a base and is at a multi-year high. I don't like that --- maybe buyers now have missed the party. (S&P, 8/12/04 said avoid the shares @$9.54 for their 12 mo. target at $7. KEP's risen over $12 now.) Profit margins for this company are pretty good, when I consider KEP's current and forward (estimated) p/e. (Margins range 8-14% approx. over the past 6-7 years.) And while roe is generally poor (often between 4-6%), that roe number is off a book value that is often twice what the stock sells for.(i.e. roe on purchase price is higher than 4-6%). There's also about a 3% dividend yield (according to the Wall St. Journal - Yahoo isn't clear). According to what I read, "the company generates substantially all of the electricity consumed in Korea." A monopoly position countervailed by the government. Perhaps that limits KEP's profits or business, but maybe it also means the gov't has an interest in seeing KEP kept profitable enough.