money, when Jack discovers a company, it's good, but when somoene else does, it's not. It doesn't matter if an article uses GAAP accounting to show the loss (despite Jack's insistence that GAAP doesn't apply to MLPs, which it doesn't, and Jack knows that articles that appear in The Street, Motley Fool, and other hack sites don't seem to be aware of this.)
If you look at PVR's non-GAAP earnings, they have improved 50% over last year.
Thanks for suggesting a relook. Ouch!.
I love to buy stocks beaten down either from market insanity (e.g., Linn in 2008) of when starting a rebound (which I think EROC is doing). I do not think it's a good idea to buy while earnings are continuing to fall or projected reasonably to be falling the next year. This article seems to have its research and negative conclusion right: http://www.thestreet.com/story/11514798/1/penn-virginia-resource-partners-lp-stock-downgraded-pvr.html?puc=yahoo&cm_ven=YAHOO
Roger, I succumbed to yield greed with OXF, despite its negatives. Looks to me that it's way oversold and will be rebounding, and with the GP dilution far enough away to escape from.
money, Jack dismissed PVR in the past (last fall) after clam, you and I disucussed it on the LINE board. Not a lot has changed in PVR structure since then (new waterline in Marcellus, which is anathema to the NG bashers here).
I added to my postion when it got below 23 a little while back.
Jack might have changed his mind, though; he's known to do that :).