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

To: Paul Senior who wrote (32383)	10/9/2008 11:49:34 AM
From: hoyasaxa	Read Replies (1) \| Respond to of 78628

PBR- funny, I am considering buying at these levels. If you close your eyes and wait ten years I think you have a probability well over 90% of making a lot of money on PBR bought in the low 30s....

To: Paul Senior who wrote (32383)	10/9/2008 1:35:28 PM
From: E_K_S	Read Replies (1) \| Respond to of 78628

I noticed that COP is at a 52wk low. This is one I eventually want to add to but I am waiting for oil to trade lower with the expectations of a slowing economy. Rogers was interviewed recently and still believes we are in a 8 to 10 year bull commodity market and continues to like oil long term. He did think that with all bull runs, one can (and should) expect corrections. I want to add some of these shares to my holdings but am looking for some time to pass, the dividend yields to move higher or some stock buy backs announced: finance.yahoo.com Drys discussed their deep drilling company spinoff: George Economou, Chairman and CEO of DryShips, Sets the Record Straight ibtimes.com Frim the article:"...George Economou: As I mentioned before, with six offshore units inoperation by 2011, the UDW unit will be a significant player in this marketand given the shortage of UDW assets, we see day rates to continueincreasing. Using several methodologies, it was estimated that the total equity valueof Primelead would be between $2.55 billion and $2.80 billion, which ifcorrect, and taking into account the 75% owned by DryShips and divided bythe 63 million shares should result in a common stock price of $30 to $31for the spun-off entity. As we showed in our recent presentation, if for example you assume a dailyrate in excess of $675,000 per drillship, you get an EBITDA level whichafter applying a multiple of 5, which is the current market, you get anEnterprise Value of $900 million per drillship, or $5.4 billion for all sixunits. Taking out the net debt of this entity you get an equity value ofabout 2.7 billion. 75% of this value ($30-$31 per share) goes to the 63million shares owned by DryShips shareholders post closing and post spinoff. ..." EKS