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

To: E_K_S who wrote (30958)	5/15/2008 12:35:32 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78644

OT: I agree about ULTR. It's a company involved in various aspects of shipping. I have difficulty showing its a value stock. It may be though, in that Yahoo shows a low (?) estimated p/e of 7 for 12/09. I'm buying it for its possibilities in Brazil - although they operate in several S.A. countries. Further info. on the Hidrovia region from ULTR website: "UABL (edit: part of ULTR)is the largest owner and operator of river barges and pushboats that transport dry bulk and liquid cargos through the Hidrovia Region of South America, a large area with growing agricultural, forest and mineral related exports. This region is crossed by navigable rivers that flow through Argentina, Bolivia, Brazil, Paraguay and Uruguay to ports serviced by ocean export vessels. We believe that this river system offers the most efficient means of transportation for bulk cargos through the Hidrovia Region. At over 2,200 miles in length, the Hidrovia Region is comparable to 1the Mississippi River in the United States and produces and exports a significant and growing amount of agricultural products. For example, Argentina, Brazil, Paraguay, and Bolivia produced, in the aggregate, 39.9 million tons of soybeans during the 1995 / 1996 season compared to 115.7 million tons during the 2006 / 2007 season, a compound annual growth rate of 11.2%. Production for the 2007 / 2008 for these countries is estimated at 115.9 million tons, which accounts for approximately 53% of world total soybean production estimates. In addition to agricultural products, companies in the Hidrovia Region are expanding and initiating the production of other goods, including forest products, iron ore." Company is moving barges from USA to where they believe the greater revenue and profits are: From 5/12/08 report, biz.yahoo.com "The Company is in the process of building its new barge building yard, and it has also continued its barge expansion program. The Company completed the positioning and shipment from the USA of 30 second hand barges and one second hand push boat and is in the process of positioning a second similar shipment during the second quarter of 2008 comprised of 27 barges and two pushboats. " Company might benefit from the recent Brazilian oil discoveries: "The Company believes that the market in general continues to be strong and the new Brazilian oil field discoveries are encouraging as to future requirements of modern large vessels such as ours." (Large ocean-going vessels and offshore supply business being two other parts of ULTR.) I'm hoping for and expecting good things from Ultrapetrol over the next few years.

To: E_K_S who wrote (30958)	5/15/2008 12:49:46 AM
From: Paul Senior	Respond to of 78644

re: American Latina and "... one can find undiscovered value opportunities before the big mutual and hedge funds jump in." I was never aware of American Latina until it was mentioned here. By chance, a couple days ago I spotted that Marisco funds have a small position in American Latina - it's in a couple/three of their funds I see now. So, as regards American Latina, at least one big mutual fund is already in; thus for me, I'm the one following at least one big fund in, and not the other way 'round. Which is okay, because I figure it's early in the game. marsicofunds.com