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

To: Graham Osborn who wrote (55515)

6/22/2015 11:13:35 AM

From: E_K_S

Read Replies (1) | Respond to of 78717

Re: Potash Corporation of Saskatchewan Inc. (POT)
EXCO Resources Inc. (XCO)

I like their exposure to the AG industry sector. POT meets my Net income to long term debt criteria at only 2.68x. The company is also trading at/near a 5 year low. I had owned YARIY in the past but it is a bit more expensive w/o the land/mineral assets. POT sells at about 3x BV. It does not meet the GN value test and has always sold at a premium.

My portfolio position is small about 0.5%.

FWIW, Also looking at starting a small position in the XCO

I am looking to buy 5 $1K bonds (face value) at $658.00/bond. This probably the first of a few buys as I build my distressed debt E&P bond ladder. XCO is interesting as Wlbur Ross , well know Value Investor owns 11% of the common shares. His avg price is around $5.00/share.

EXCO RES INC
Coupon Rate
7.500%

Maturity Date
09/15/2018

CUSIP269279AD7

Link to Ross holdings in XCO

No Buys yet on the XCO Senior Debt yet. YTM 22.67%, still in the risky category but the risk/reward appears to be getting better especially w/ Wilbur Ross owning so much of the common shares.

EKS