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

To: E_K_S who wrote (40630)	12/15/2010 2:34:55 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78462

EKS. I'll have to go back and recheck my numbers for DEJ. My notes show company values itself as: Land at cost $20M pv10 proven reserves: $180M (different from your figure of $170M) net debt: $4M all divided by 122M sh (fully diluted) = $1.64/sh. Not sure if pv10 is after tax or not. I suspect not. I'll just chop off 35% from the total to get $1.07/sh. And a some of the land hasn't been drilled or tested enough to have any estimates. I'm hopeful there. ======================= Somehow I suspect there's one alleged pro analyst out there who has calculated his/her one year target (ending '11) to be about a dollar, and the other guys just follow. More likely though, the ceo, who is trying to talk up the company to get joint venture partners or to make land sales, has bullishly said the stock might be at $1/sh in a year. And now every other analyst and report says, sure, $1.00/sh for next year. ... so me too. Fair value >$1/sh. Maybe we might see $1/sh in a year. Or not.