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

To: Paul Senior who wrote (32947)	12/5/2008 6:16:03 PM
From: anializer	Read Replies (1) \| Respond to of 78644

I've been trying to find out how much more exposure, if any, that FCSX might or might not have related to the Sentinel Bankruptcy. Last Q, they took a 5.6 mil hit on that, and I'm just wondering, are there any more cockroaches crawling around. With a strong buy from Raymond James, and a bouncing market, seems odd this stock is still under pressure, and I'm a little worried about what I may not know, that hasn't been divulged. You have to wonder about 1.6 billion on the books as receivables. Any thoughts appreciated.

To: Paul Senior who wrote (32947)	12/6/2008 3:11:24 PM
From: Madharry	Read Replies (1) \| Respond to of 78644

you may want to read the transcript of the latest chk conference call. The CEO despite losing all those shares because of margin calls seems very sharp to me. he does not believe that $5 gas is sustainable for any length of time as its just not economical for most players to produce. rather they will shut down production and idle rigs. in the latest conference call he believed that the company stock was worth $100 at $8 NG price and $30 at $5 ng price. I guess its difficult not to be on margin when you believe your company is so underpriced. he also projects $10 cash flow for 2009. I have rarely seen such a spread between what the company is doing and the share price. last time i checked longleaf owned over 6% of the shares for whatever thats worth.

To: Paul Senior who wrote (32947)	12/23/2008 12:10:41 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78644

RIG is really taking it to the chin recently. the headquarter move did not help much either, all those stocks that move headquarters receive an extra 5% whacking. RIG has a fair amount of debt however. SLB is also at it's lows, trading at a forward PE of 10 which we have not seen for a while either. BHI (which i like) is still off it's lows, maybe because it is more in the consumables space than the Capex space. Anybody doing any new buys/adds in this space. I am restraining myself from catching falling knives and the oil sector seems to be one. I want to see the damage that 40$ crude (or below) creates before committing funds to the sector.