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

To: Paul Senior who wrote (40451)	1/12/2011 4:14:14 PM
From: E_K_S	Read Replies (1) \| Respond to of 78731

Hi Paul - Re: Provident Energy Trust (PVX)& Armanino Foods of Distinction Inc. (AMNF.PK) finance.yahoo.com Added these two to the IRA. Both are new positions in the IRA but I have had shares for some time in the taxable account. The PVX distribution (now a Canadian corporation effective 1/4/2011) should not be subject to the Foreign Tax with holding (U.S. treaty w/ Canada for IRA accounts). Yield is now around 8.7%. Good to hold in then IRA. Short term the company should benefit from any disruption in Alaskan pipe line. Should also benefit from long term distillates produced from NG and distributed through their pipeline(s). AMNF.PK is a grower that pays a 5% dividend. The PE is around 8 even at it's all time high of $0.80/share today. Earnings are growing at 10% (and maybe more next year). Company should earn $0.09-$0.10/share in 2011. Company has no debt and in fact over $500K in cash sitting in CD's used for expansion, dividends and special opportunities. ------------------------------------------------------------------- Peeled off a few shares of SFL to finance the new transactions. EKS FWIW- talked with MDU investor relations regarding their Fidelity E&O subsidiary and recent land purchases. Very nice lady and knowledgeable on the specific land lease terms. Nabors Industries Ltd. (NBR) is under contract to drill all of their wells. No Indian Reservation or BLM land under lease. They have both 3yr and 5yr leaseholds w/ option to renew term. They also own some very profitable working gas wells on land they have owned over 30 years (cost of production very low on these wells). I was not aware that their pipeline distribution business owns the largest under ground NG storage assets in North America located near their shale properties. Lots of hidden tangible assets in this company. The more i dig, the more I find.