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iShares Mortgage Real Estate Capped Message Board

  • ru_leap_of_faith ru_leap_of_faith Mar 27, 2006 3:36 PM Flag

    What is in a Name?

    Average Daily Volume 1.676 million share daily when we were CDIS. Current moving average of recent vintage approaching 800K per day and still in down trend with HELX name.

    Lower volatility of late as well. We need some new news but I think the merger and future plans of spin off have everything in quiet mode. Also, in quiet period for REM with practically a news blackout.

    I suggest getting long now because the winds of change are fast approaching and market participants will be willing to pay up for the stock as we approach EPS for Q1 and the realization of approxiamte EPS of 2.80+ for current year vs 1.86 last year takes hold.

    This will happen even if industry fundamentals soften. I do expect the NG to oil BTU equivalent ratio to continue to improve towards its historic and fundamental level ogf 7. This would imply upward pressure to the 2.80+ and signify EPS of $3.60+ the following year.

    If we talk about cash flow and discounted cash flow, the valuation of HELX should climb into a forward PE above 20. It is hard to talk about these numbers with a stock at $36 bucks, but it does make sense when it returns to its 52 week high. Incredible isn't it.

    All you have to do is believe.

10.43+0.01(+0.10%)Oct 28 6:30 PMEDT