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

To: Sergio H who wrote (47946)	5/14/2012 6:17:44 PM
From: E_K_S	Read Replies (1) \| Respond to of 78671

Hi Sergio - Re: HES - New 52 week low close today @ $46.63 5,8M shares. New 52wk low w/ volume exceeding avg daily volume by 20%. Not technically a good indicator but when I go back to 2007, there were only 3 separate weeks where HES traded with a $46 handle. That's only 1.3% of the trading time we have seen this price level. Odds are pretty good you caught the low but I have seen weirder things happen when the market values "Value" stocks. FWIW my Wm%R(14) is reading the lowest level in my four year chart at -99.4. I have never seen a reading this low before. The Wm%R (14) is screaming buy me! Disclosure: I have two separate buys of HES (1) 5/8/2012 @ $48.71 and (2) 4/25/2012 @ $52.42. EKS

To: Sergio H who wrote (47946)	5/14/2012 9:53:29 PM
From: Area51	2 Recommendations Respond to of 78671

I also think that BDCs have decreased leverage significantly since 12/2008 such that they may be less vulnerable to a 2009 type event today (granted if you know a 2009 type event is coming it is likely wise to sell and buy back cheaper later) seekingalpha.com Last 10Q for example ARCC had Shareholders equity, Total Assets, Debt of 3443, 5387, 2018 (all values in million $) 12/08 ARCC had Shareholders equity, Total Assets, Debt of 1095, 2091, 909 ARCC Shareholder equity is 64% of total assets now versus 52% at 12/08. And I believe several others have also deleveraged (notably KCAP and ACAS)