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

To: E_K_S who wrote (42938)	6/13/2011 12:53:27 PM
From: Paul Senior	1 Recommendation Read Replies (1) \| Respond to of 78595

I'm buying AXAS all the way down today. ========= I read AXAS managers' bonus depends on the increase in company's nav. So maybe there's some incentive to present number in most favorable light. Company has reported 1pnav is $2.57/sh and 2pnav is $16.37/sh. That 2p number does make the stock attractive to me at current price. Moderating some of my concern (The stock's being sold down to a 12-mo low on no adverse news that I see), is that AXAS is in several very good prospective shale plays: Eagle Ford, Three Forks, Niobrara. Wolfberry too, may be one that could prove to be good.