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


To: upanddown who wrote (36633)2/9/2010 3:02:48 AM
From: Paul Senior  Read Replies (1) | Respond to of 78688
 
You are correct; I got it wrong. It's LPG not LNG. I'm figuring the stock buy might work out okay though for me with my little bet.

October company presentation here describes what LPG is, where it comes from, who uses it, what it's used for and management's view of GASS's role and the company's comparative valuation and prospects.

stealthgas.com

Latest (couple week's ago) and only analyst report I've seen has an analyst downgrade GASS to sell and his target of $4/sh for the stock. GASS already falling quickly from roughly $6.50/sh last month to now $4.62 based on its recent press release.

reuters.com

I'll continue to hold though, and if stock does get to $4 on no further adverse news, I will try to add more shares.