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

To: Madharry who wrote (24605)	8/16/2006 9:41:30 AM
From: pcyhuang	Read Replies (3) \| Respond to of 78752

"The time to buy homebuilders and the like will be when some of them announce restructuring of debt, bankruptcy and the like. I dont know if you were investing during the asian collapse in the late 90s but at the time private investors were snapping up condos in major cities in asia for about 15-20% of original pricing from financially strapped builders. That is blood in the streets." You can't compare oranges with apples. The financial condition in the United States is totally different than those prevailed in South East Asia during the Aisan crisis. Moreover, buying real estate is very different from buying stocks of homebuilders. Don't forget the market discounting mechanism -- the market has already discounted the worst to come in the physical real estate market in many regions of the country. pcyhuang huangcapital.com

To: Madharry who wrote (24605)	8/16/2006 10:42:43 AM
From: gcrispin	Read Replies (1) \| Respond to of 78752

"I have Dell and SIL and others, which are relatively unleveraged and are not caught up in asset bubbles. At least I see a catalyst for upturns." Madharry, What catalyst do you see for Dell? Certainly the company has a pristine balance sheet. The strongest segment for PCs is laptop growth in Asia and Dell currently holds a third place position in market share with about 10% of the market. Furthermore, there is plenty of competition from Lenovo, Acer, etc. 07 estimates for Dell are all over the place, so it looks likes the market is really unsettled about its prospects going forward.

To: Madharry who wrote (24605)	8/16/2006 2:40:03 PM
From: leisuresports	Respond to of 78752

fool.com

To: Madharry who wrote (24605)	8/17/2006 7:19:32 AM
From: Madharry	Read Replies (2) \| Respond to of 78752

re: SIL A PAZ, Bolivia (AP) -- Bolivia's decision to suspend an ambitious plan to nationalize its oil and gas industry has reinforced doubts about the ability of its state-run energy company to manage the country's extensive gas reserves. A statement issued Friday by Bolivia's Hydrocarbons Ministry said the "full effect" of nationalization would be "temporarily suspended, due to the lack of economic resources" of Yacimientos Petroliferos Fiscales Boliviano, or YPFB. "The truth is coming out," Pietro Pitts, oil industry analyst and editor-in-chief of the online magazine Latin Petroleum, said Sunday. "The state oil company in Bolivia doesn't have the technical know-how, doesn't have the capital, and doesn't have the experience to run those fields that were run for a long time by the bigger guys." The state-owned company has asked the Central Bank of Bolivia for $180 million in financing needed to assume complete control of the country's production facilities. However, Bolivian law prohibits the bank from extending credit to public entities except in case of emergency. In addition, the ministry announced plans to restructure and modernize the 70-year-old YPFB, which was partially privatized by former president Gonzalo Sanchez de Lozada in 1997 but re-nationalized in 2004. When President Evo Morales nationalized Bolivia's oil and gas industry May 1, seizing the assets of international companies that had long controlled most of Bolivia's considerable oil and gas reserves, he called for YPFB to be restructured within 60 days as a "transparent, efficient, and socially controlled" corporation. Bolivian opposition leaders say Friday's announcement underscores the lack of progress made since Morales' decree. Nationalization was a "media show," said Fernando Messmer, leader of the conservative party Podemos' congressional delegation. "The refineries are still in the hands of multinational companies" and many of those firms are not yet paying the Bolivian government the 82 percent share of revenue ordered by Morales, he said. Since May 1, YFPB has failed to acquire a 51 percent share in Bolivian facilities owned by several international interests, including Petroleo Brasileiro SA, or Petrobras, one of the largest operators in Bolivia. "YPFB has demonstrated that, as a business, it has nothing more than those four letters," said Eduardo Perez, director of the La Paz-based Radio Catolica Fides and an influential political commentator here. Long-running negotiations between YPFB and Petrobras will continue with a meeting set for Sept. 14 in Bolivia. At issue is the price the Brazilian company will pay to export Bolivian natural gas. Other foreign interests whose Bolivian operations were effected by nationalization include the Spanish-Argentine company Repsol YPF, the French company Total SA, and affiliates of BP PLC. An association of Bolivian oil and gas companies announced that since May 1 more than 30 foreign and domestic petroleum businesses have ceased operations or taken their business to other South American countries. Should YPFB prove incapable of developing Bolivia's still largely untapped oil and gas reserves, oil industry analyst Pitts believes foreign investment will return to South America's poorest country, albeit cautiously. "Before those guys come back into the picture, things are going to have to be very, very clear," he said.