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

To: Grantcw who wrote (40722)	12/20/2010 2:55:48 PM
From: E_K_S	Read Replies (1) \| Respond to of 78686

Re: CNX They have assets in the ground and according to the Barron's article I posted, the author thinks $65.00/share is fair value. I may consider some covered calls but I would like to see a run in the stock first to the $48.00/share-$50.00/share area. The call premiums are quite nice but go out at least six months. I am tracking the July $60's and would like to get $1.50-$2.50 per contract. What's your target on Corning Inc. (GLW)? I own a lot of this that I bought in 2002 in the $5.25/share price area. I have been peeling off shares above $25.00/share and think we could see another run towards $30.00/share by the first half of 2011. The company has a lot of products (other than their LCD glass) in their pipeline. FWIW - Closed out RAIT Financial Trust (RAS) to book loss, harvested losses on my higher priced Petroleo Brasileiro (PBR) shares and increased my position on Samson Oil & Gas Limited (SSN) by 100% (still building my position). EKS

To: Grantcw who wrote (40722)	12/20/2010 3:06:24 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78686

CNX. Yeah, not so easy a decison, imo. If you value the company on earnings, then yes, p/e is high-side at 107% of average p/e over the last five years. Seems to be one of these companies where market doesn't trust sustainability of earnings: when earnings are down, p/e's are up. And when earnings are up, market accords them lower p/e's. If you value the company on its assets though, then you might conclude the company is undervalued at current price. I look at it that way, and I'm holding on to my losing position. If the shares are sold, then where would the funds go? Iow, what are you seeing now as a better place for investment than CNX?