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

To: E_K_S who wrote (43363)	7/18/2011 12:18:28 AM
From: Paul Senior	Respond to of 78462

EKS, I'm in positive territory overall with my e&p baskets, I believe. I can't pin down exactly how much. There've been gains and losses taken with my e&p's in both taxable and non taxable accounts -- I haven't looked at that breakdown. In a Roth account I established somewhat over a year ago, I currently have six e&p stocks in the red. I have one in the green. That one I have a large position in, and the performance of it, as of today anyway, has exceeded my losses on the others. In my main taxable account in which I hold most of my foreign stocks (Canadian/Australian/British e&p's), I show I have 20 e&p stocks in the red, and 21 in green. (aside: That's some basket, eh. -g-) Looking roughly, it seems I'm overall a gainer with the e&p stocks that are in this account. I attribute this to a) a few e&p stocks doing very well -- especially a couple that I overweighted when I bought compared to others, b) some e&p stocks being held for several or many years and just bought at much lower prices than currently.

To: E_K_S who wrote (43363)	7/18/2011 9:03:08 AM
From: Madharry	2 Recommendations Read Replies (1) \| Respond to of 78462

to say here shoulda could woulda here might be emotionally gratifying but isnt very logical, we could all be mulitmillionaires if only we could buy tomorrows newspaper today. unfortunately we cant. going back 40years of investing, I dont think I ever made a significant mistake buying a stock in the wrong time frame of a couple of months. rather my large mistakes have been from taking short term gains when stocks were in good uptrends because i thought the stock was approaching fair value- disney and apple to name two, and not getting out when the techinicals were telling me to- gfre, apex silver. the other huge mistakes i ve made investing came out of fear of a small loss overlooking the fact that I could potentially end up with a large gain simply by patiently holding on. This is best illustrated by the following: I had an apt in nyc that I sold at a rock bottom price in order to avoid the expense of paying a 6% sales commision down the road. as a result i missed out on probably a 1000% return on my investment. Now at the time it was hard to tell when the price appreciation would occur but I had already lined up a renter for two years that wuold have covered all my holding costs when a buyer emerged at the eleventh hour. Sometimes i can learn from this experience and it enabled me to hold on to most of my slw despite the huge price appreciation. I plan on doing the same with many of my other mining holdings. I am willing to hold on to a stock for years as long the company seems to be moving forward with its plans. while short term performance can be stressful, its best to grin and bear it and realize that one if being paid in the stock market to put up with the volatility.

To: E_K_S who wrote (43363)	7/18/2011 9:16:45 AM
From: ValueGuy	Read Replies (1) \| Respond to of 78462

EKS You seem to have provided good comments on high yielding instruments such as preferreds. What is your opinion on telecoms stocks such as AT&T, Deustche Telekom or Telefonica? These seem to be good stocks to have for ltb&h but I must say that I would be uncomfortable buying them at today's price levels. Also, what bothers me is that there seems to be not much value they can add to their businesses so any buy would purely be based on the potential dividends once can receive from them. TIA

To: E_K_S who wrote (43363)	7/20/2011 1:18:54 PM
From: Paul Senior	Read Replies (4) \| Respond to of 78462

It looks like e&p LEI has land in Eagle Ford that may be worth more than LEI's enterprise value. Which is often a very risky presumption of course when valuations are made on presumed comparables. "...The company has been meeting with investment banking groups to discuss various possible future plans concerning its 4,400 net Eagle Ford acres. With a correlative value of $95 million, based on the Marathon Oil acquisition of the Hilcorp Eagle Ford acreage in June 2011, (about $4.20 per share fully diluted), Lucas is considering the different alternatives, including but not limited to converting the position to cash and focusing on the development of the Austin Chalk reserves." finance.yahoo.com Stock now at $2.90/sh with enterprise value (per Yahoo) of $49.3M. I have my small position in LEI, and I'll up it a bit more now.