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

To: anializer who wrote (31783)	8/17/2008 1:22:20 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78748

Anializer - re Nam.AX. I still own my shares - my cost basis is about 40c/shares. It's a dinky company but reasonably managed and I agree it's dirt cheap. One day it's going to be a double or triple.

To: anializer who wrote (31783)	8/19/2008 8:21:07 PM
From: Paul Senior	Respond to of 78748

Penny stock Namoi Cotton looks good to me as well. I've made a very small buy. Company has paid a dividend every year (going back several years). Now company has some difficulty (earnings): Management says company is affected by drought. So stock is down, I presume for this weather issue. I'll bet on weather reversion by next year (Company is forecasting a doubling of total Australian cotton production in '09); I'll bet on the company's sustainability, and so the stock's reversion as well. Couple other items: I'm not sure how or if the current "1 Australian dollar = 0.8688 U.S. dollars" relationship will affect Namoi's business/stock price. (Australian dollar has been strong against the US dollar.) "In the United States cotton acreage for the 2008/09 crop will be the smallest in 25 years due to increased plantings of corn, wheat and soybeans."