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

To: jeffbas who wrote (5332)	11/23/1998 6:46:00 PM
From: Shane M	Read Replies (1) \| Respond to of 78613

Jeffrey, I consider YORK a value stock, and am positive long term despite my apparent disparaging comments earlier concerning this stock being down. YORK is essentially an energy producer/owner of energy production. Both domestic and international exposure. Some alternative energy exposure. They were recently suffering heavy losses in the energy brokering business, but are getting out of that business as quickly as possible. Alot of their potential is, I think, hidden in current projects w/ high startup costs for new plants and I don't think stock price adequately reflects the earning power of the assets. Management has stated that once current projects come on line in a year or two they expect EPS of $1 per share or more. This would give YORK an price of $10-$15/share minimum I'd think (current price is 3 3/4). The main problem is management seems to have lost credibility because they keep starting new projects while pushing back the date when shareholders can expect the profit. This isn't a problem to me, as long management stops expanding at some point and begins making money. Here's a good summary post by the most informed guy on YORK I know. His name's Gunther and he owns alot of it. He is trying to get a shareholder representative on the board. Message 5770322 Here's his personal profile. You might look back through his posts from which I learned alot about YORK. Member 3695208 Hope this helps, Shane