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To: Dale Baker who wrote (64147)9/12/2008 3:13:52 PM
From: JSBRead Replies (1) | Respond to of 118717
 
I'm not big on conspiracy theories, but
PRC is down 60% in 3 weeks and is now
trading at book? That's amazing.

I may have to buy some more. That
close yesterday was a real treat as well.



To: Dale Baker who wrote (64147)9/12/2008 3:29:34 PM
From: peter michaelsonRead Replies (1) | Respond to of 118717
 
Dale, despite my negative words re PRC, I have been studying it. Guess I've been testing my downside risk.

Anyway, I see that they are likely to report a nice profit for Q3, given the probable reversal in the value of their derivatives and their selling price for oil.

Have you attempted an estimate of the reported eps? I'm trying for that now.

Peter


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