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

To: Jurgis Bekepuris who wrote (30546)	4/4/2008 12:54:54 PM
From: Paul Senior	Respond to of 78717

For me, for Pargesa, it's that it appears to me that I am getting these stocks at about 2/3 of what I'd have to pay on the open market. pargesa.ch To me, that's value. To others, perhaps not: Any and all of the individual stocks could crater, thus dragging down PRGAF. Also, Pargesa has ALWAYS (based on my brief inspection) traded far below nav., so there's no assurance that the gap will close.) ----- Yes, there seem to me also that there are other oil plays better than TOT. (See my next post.)

To: Jurgis Bekepuris who wrote (30546)	4/6/2008 8:29:49 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78717

Pargesa - These news are probably why I was not that interested in Pargesa. This logic seems a little strange. you don't buy Pargesa because you are concerned about bad news from any of Pargesa's holdings/ by the way, Lafarge is much less affected than CX from Venezuela's nationalization attempt and Lafarge as a whole is only about reflects only about 22% of Pargesa's value, which makes this almost rounding error for Pargesa's valuation - not so for CX.