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Gold/Mining/Energy : Imperial Metals (IPM.T) -- Ignore unavailable to you. Want to Upgrade?

To: refugee investor who wrote (1059)	4/16/2012 10:46:57 AM
From: Italian Investor	Read Replies (1) \| Respond to of 1366

Yea he bought WDC a little while back. I bought it when it was near its lows and sold it for 5% or so maybe a year or 2 ago I believe off memory, not crazy about that sector. When I got it the P/E was 6 and they had a good percentage of the share price in cash not sure what it is now have not looked in a while. IDCC you are right is the one he bought last time he reported I also been trading that name here and there not really much money made but think it is a decent value here, insiders have been buying that name recently. I am really risk adverse right now so I am looking for cheap high quality names like the ones you tend to like while holding lots of cash. I am really liking names like BP, TOT, TSCDY.pk right now all have strong yields and single digit multiples. BP and TOT are already priced as if oil was 60 if you double there P/E multiple we are right around the avg multiple on the S&P. So you are getting nice yields on pretty solid company’s right now @ very respectable valuation multiples not much better out there IMO. If you need some spices SD look pretty attractive with there hedges going out on oil for the next 4 years so you know there cash flow will be there all they need is NG to come back for it too be a very rewarding investment. MCF one you mentioned before has been coming down latley a very well run company that could take advantage of the low NG environment with some buys. This is the scariest market I have ever seen so I am not trying to be a hero anymore just preserving my wealth.