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

To: Jurgis Bekepuris who wrote (31508)	7/17/2008 4:56:23 PM
From: Jurgis Bekepuris	Respond to of 78535

I must say that I was wrong on PKX and on the steel companies being able to raise prices. Very nice presentation of Q2 results from PKX: sec.gov Pretty much shows why Buffett still owns a stake (presumably - most of his foreign holdings are not reported on his SEC fillings!). Nice results in H1 and Q2 2008. Good ROE, good margins. Clean balance sheet. Possibly a buy for anyone not scared of Asian slowdown and/or steel pricing issues. I hold a small position and probably will not add, but I think it's a good hold.

To: Jurgis Bekepuris who wrote (31508)	9/16/2008 3:00:37 PM
From: E_K_S	Respond to of 78535

August-28-2008 Ken Heebner and His Portfolio: Petroleo Brasileiro, Schlumberger, Freeport-McMoRan, Peabody Energy and CONSOL Energy Inc. gurufocus.com From the article:“...On June 30, 2008, CGM Focus Fund held significant long positions in the oil service, steel and independent oil production industries. The Fund’s three largest long holdings were Weatherford International Ltd. (oil service), Schlumberger Limited (oil service) and United States Steel Corporation. The Fund was also approximately 14% (percentage of total net assets) invested in stocks sold short at the end of the second quarter. The largest short positions were in Wachovia Corporation (WB) (financial services) and Washington Mutual, Inc. (WM) (financial services)...” ============================================================= Heebner interviewed on the Fox Business channel this AM and stated that he is out of Schlumberger and still "holding on" with PBR. He likes all the new oil discoveries by PBR. He stated that his portfolio is now 10% commodities and sees moderate deflation and slowing global economy. His view on oil is stable to lower even though Saudi's could squeeze the price higher (but won't). EKS He is apt to change his views on a dime.