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

To: KaiserSosze who wrote (35476)	9/27/2009 11:57:11 PM
From: Jurgis Bekepuris	Respond to of 78609

Kaiser, GTE is not really a value stock, except perhaps in P/book terms (1.26 P/book now). It is losing money last quarter and is highly expensive in P/Sales terms. Its only attraction is possible continued rise of oil price and continued rise of its reserves that may result in good profitability in the future. I don't have a specific goal for it, but I would sell it if it doubled from here. I am not impatient for that, so a double in couple years is fine with me. Most of my purchases were in $2.X range, so I am happy with current returns too. Yeah, other oil E&Ps may have rallied more, but GTE looks like a solid holding still. I do have an outsized position. Take care