should breakout this week, page-10

As I have posted a number of times before, once this stock gets in favour with the market it can be sharply rerated because it is trading on a low PE, has strong cashlow and no debts.

I was incorrect with price estimates I made in 2004/early 2005 because I never expected ARQ with an after tax profit of $40 million for 2004-2005 to be trading on a PE below 7 in an energy bull market!!

Sometimes the market is PLAIN STUPID.

To add to the market's stupidity we then see numerous posts here telling us why ARQ is poor value at $1.50/$1.60.

Actually its a good counter indicator.

As I have also posted before, I saw BPT as a standout buy when it was trading around 30 cents in the middle of 2004 - cashed up on a low PE. Here we had numerous posters telling us all negative stuff about BPT, just like they have about ARQ - you know the old story - running out of reserves etc. etc.

That's why we have winners and losers. Winners can pick undervalued stocks. Losers sell out of them or are unable to see/understand the value.