$18.81 0.60 (+3.29%)
11/25/2009 1:56 PM

Forest Oil Corp (FST)

CAPS Rating: 3 out of 5

An independent oil and gas company engaged in the acquisition, exploration, development, and production of natural gas and liquids primarily in North America.

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Member Avatar UltraContrarian (99.80) Submitted: 10/26/2009 12:50:46 AM : Underperform Start Price: $16.11 FST Score: -9.34

Trading at 4.5x tangible book with too much debt and severely negative free cash flow. They just finished some gigantic writedowns - more than the current market cap in size. I.e. the CFO basically said: "Hi investors, you know that balance sheet we just published a couple of months ago? You know that book value didn't mean anything, right? We were just pulling your chain!" Over the long term, the market always punishes companies with questionable accounting standards and weak balance sheets.

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Member Avatar harrytong (84.71) Submitted: 10/21/2008 2:46:55 AM : Underperform Start Price: $27.32 FST Score: +48.92

expensive.

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