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To: Paul Senior who wrote (46765)2/27/2012 6:41:30 PM
From: Madharry
   of 54517
 
thanks i did not realize that the foreign tax credit can be carried over. i made need to ammend my 2010 return.

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To: Paul Senior who wrote (43494)2/27/2012 7:06:55 PM
From: E_K_S
1 Recommendation   of 54517
 
Hi Paul -

Still holding your LEI shares?

Is Lucas Energy Copying Chesapeake And About To Make A Bold New Move?
seekingalpha.com
From the article:"...This year it plans to sell its Eagle Ford and some other properties for approximately $95 million. It has 5,144 net acres in the Eagle Ford Shale (and 3.745 net acres in the Eaglebine). This seems like an entirely believable statement, as previously large sales of Eagle Ford oil producing acreage have sold in the range of $15,000 to $20,000 per acre.

The above sale along with other Lucas Energy actions is supposed to generate $106.8 million in cash inflows in 2012. Since Marathon Oil (MRO) is a JV partner with Lucas Oil in the Eagle Ford, it seems likely that MRO will be the company doing the buying. This makes the sale at a good price a virtual certainty. MRO has paid top dollar for large chunks of both the Eagle Ford and the Bakken in the recent past...."

-----------------------------------------------------

Stock has traded significant volume over the last several trading days. Today alone it traded 7x's it's average daily volume.

The author believes that their land holdings are undervalued given what MRO has paid in the past. He believes the potential buyer could be MRO.

EKS

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To: E_K_S who wrote (46772)2/27/2012 7:20:27 PM
From: Paul Senior
   of 54517
 
EKS, re LEI: Thanks, I hadn't seen that article. I'm still holding my LEI shares.

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To: E_K_S who wrote (46766)2/28/2012 12:03:16 AM
From: Spekulatius
   of 54517
 
re ML.PA / MGDDY.pk.
I thought a slowdown of some sorts should have been expected. in particular the french carmakers have been posting very weak results and that may have hurt Michelin. The merging market investments will take some time to pay off, the facilities are just getting build right now. I only sold 35% and I would be an eager buyer at around 12$/share again.

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To: Difco who wrote (46547)2/28/2012 12:44:42 AM
From: Jurgis Bekepuris
   of 54517
 
I thought about this a bit more. :) I'd go to Berkshire shareholders meeting if SI value investors decided to get together on this occasion.

So guys (and gals???), ball is in your court. Does anyone want to meet in Omaha? ;)

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To: rllee who wrote (46764)2/28/2012 1:53:31 AM
From: Spekulatius
   of 54517
 
>>RSH - I read, with interest, Motley Fool's blog on the valuation of RSH:
beta.fool.com

Seems to make some sense based on comparisons of sales/sq ft ratios between BBY & RSH. The other question might be how sustainable is the fat 7% dividend. If the dividend is reliable enough, perhaps it is worthwhile to invest to wait for a recovery or a possible buyout?<<

It is a very one sided piece that looks at RSH valuation only under the assumption that BBY buys RSH. This acquisition is just a hypothetical exercise right now and it's dangerous to use these assumption for a valuation. Ideally you want to come out ahead in most scenarios, including the most likely ones ( those are rarely acquisitions) when purchasing the stock.

I have a different hypothesis on how BBY looks at RSH - they view it as a weak competitor in the mobile space that they can gain market share from. BBY prefers to build their stores in malls with a small footprint where there is much more foot traffic than in RSH's strip mall stores.

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To: Bocor who wrote (46770)2/28/2012 10:10:48 AM
From: E_K_S
   of 54517
 
Hi Bocor -

AngloGold Ashanti Ltd. Common S (NYSE: AU)
EXCO Resources, Inc. Exco Resou (NYSE: XCO)

I decided to move some of my Gold holdings into NG with the expectations that the NG commodity will hold its value better than gold in the next 3-5 years. Therefore I sold 25% of my AU and moved the proceeds into XCO. The kicker for me is that both pay a similar dividend for holding the shares. When you compare the 5 year chart, XCO shares are 50% undervalued compared to AU shares.




Still own quite of bit of gold and other natural resources in BHP, AU, AAUK, AGPPY & VALE. My goal is to maintain my purchasing power diversifying into undervalued commodities, Receiving a dividend is nice too.

EKS

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From: gizwick2/28/2012 10:43:10 AM
   of 54517
 
Shares of PNX, Phoenix Insurance are way undervalued in my opinion as the company re establishes their business plan after substantial losses in 2008 and 2009. Last earnings before extraordinary charges would have been $.15. Analysts looking for $.60 for 2012 in earnings. Book value at $9.67 per share and PEG at .55, with PS at .14. Target at $4.50 this year. Forward PE of 4.3. The company also has preferred shares paying 8%, PFX.

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To: Paul Senior who wrote (46272)2/28/2012 10:54:27 AM
From: Grommit
   of 54517
 
my ARCC announced earnings and a small div increase. pays 9%. I own a lot of it.

no $$ guidance, just words:
"Based upon the strength of our results, we raised our quarterly dividend from $0.36 per share to $0.37 per share. As we progress into 2012, we believe our investment portfolio is well positioned and we have substantial debt capacity to take advantage of investment opportunities in the underserved middle market.”

mainly loans:
arescapitalcorp.com

insider buying in 2011

finance.yahoo.com

.........

etrade taxes -- warning -- my 1099 from etrade has many errors. many stocks bought in 2011 were not shown with cost basis, but were in the wrong category and shows as if bought before 2011.

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To: E_K_S who wrote (46777)2/28/2012 11:04:03 AM
From: Bocor
   of 54517
 
Interesting that Wilbur Ross’ investment firm owns about 12 percent of XCO unless I missed a sale since last summer. I seem to recall there was some talk of a sale of the company, and Wilbur Ross was among the buyer
consortium.

I am sure the buyers are glad the sale didn't happen then, but at these prices, the value may again become compelling.

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