longlake95

Ive been in YPF for a year, its been a wild ride, but it's dirt cheap on a NAV basis. LL

Bought more YPF yesterday @ 21 7/8. LL

I also added to PWT today and yesterday at an average price of 8.20. LL

Airline Biz - great industry to work in, lousy to invest in, for anything other than a trade. LL

I own pwt.to LL

Hi Norm, Have a look at www.grievingchildren.com. They are doing very good work. PM me if you want any detailed info. Thanks, Longlake

definitely our kinda guy! God Bless him. Nice to see him do such nice work with his money. LL

Probably, as the cheap oil gone. Unconventional oil is simply more $$$ to explore and develop. Go forward ( next several decades) the efficient companies are going to rise to the top, as opposed to anybody with a drill bit, making money in oil. Bigger will likely be better. LL

bigcharts.com. You can draw a chart and add indicators including P/E's. LL

Interesting....thanks for posting.

Added more PWT today. U adding Cardboard? LL

Cardboard +1 I too, am a believer that a pipeline solution will appear. I have no idea whether it will be N/S or E/W, but the pressure it too great, not to ship land locked oil out of Canada. The diff won't be wide forever.

Seems to be total capitulation around this level. Ive stepped in.

Anyone buying PWT.TO lately? Cheap and messy.

order her a T-bone steak, with a double order of hash browns. ;)

This is how I gauge where we are in the bull/bear cycle. Ya, it's simple, but that's why I like it: the 4 stages. Templeton: "Bull-markets are born on pessimism (1), grow on skepticism(2), mature on optimism(3) and die on euphoria.(4)" stage 1 was 2009-2010, stage 2 2011- now, maybe we are close to starting stage 3 - I'm not sure. But stage 3 could last a while when it does come. There will be corrections along the way, there always are, it's just normal filling and back filling. It gives us value guys opportunity - nothing more. LL

Does anyone have a BB terminal? Could you look-up and list the annual returns of the S&P 500 Total Return (and the S&P TSX for that matter ) in Canadian Dollars, for the years 2004-2012? Thanks. LL

Yup, I think with Helicopter Ben lands, people who have been reaching for yield will get whacked. I can't figure out how people can pay the kind of multiples they are paying and sleep at night. I feel light headed just writing about it, LOL. TRP - today's numbrs. Valuation Measures Market Cap (intraday)5: 34.89B Enterprise Value (May 8, 2013)3: 56.77B Trailing P/E (ttm, intraday): 24.56 Forward P/E (fye Dec 31, 2014)1: 19.50 PEG Ratio (5 yr expected)1: 3.35 Price/Sales (ttm): 4.11 Price/Book (mrq): 2.14 Enterprise Value/Revenue (ttm)3: 6.70 Enterprise Value/EBITDA (ttm)6: 13.72

I read valueline every week (print version), scan new lows list and read a cople of papers per day. About once a month i do some simple screens to look for distressed areas of the market. Low p/E, low P/b, etc... I try to value at least one or two companies a week.

ACW - accuride. I own it, and it's been painful - i was cleary early to this party. However, the company is improving. Winning new business - finally. Selling off some non-core divisions. A hedge fund recently announced a 14% stake. They just put one of their guys on the B of D. Another fund owns a 6% stake. ACW directly serves the class 7 and 8 market. ACW is no Cummings or Paccar, it's definately an average ( maybe a below average ;) ) business, but it's cheap.

cash = ~ 14%. Probably will rise a little more over the balance of the quarter.

Ya, WCG looks cheap too.

I think there is value in WLP and AET. More work to be done tough, before i step in.

While I realize that not all MLM's are created equal, after a quick look at VLine, it's hard to take away the success that HLF has had. I know some who do MLM ( not HLF ), and some are very successful and others not as much. I think it's a stretch to consider HLF a total fraud and worth zero. If the products are good/great like some other MLM's products, then it's worth something. I wonder if this will prove disappointing for Ackman. I have A LOT of time for both Ackman and Loeb. If I had to put money on this one, I think i'd have to put my chips on Loeb. ;)

Dan Loeb has reported an 8% long position in HLF. http://www.cnbc.com/id/100366431