Range Resources Corp (RRC)

[rosemountbomber]

GF, up until this weekend I felt exactly the same about RRC and how it appeared to be near a bottom and a good place to hold. Then we had either Barclays or Goldman Sachs (can't remember which) come out with downgrades and the second downgrade within a couple days they lowered their target price to 11.

That has made me wonder about what kind of recovery time will be needed for RRC it does head toward 10 while I am holding. Beginning to think that I may want to divert some of those funds to something without such near term uncertainty. However, I still buy the thesis that they are undervalued and long term can return handsomely either going it alone or as a buyout scenario.

I have been around long enough to know that not many analyst calls come to fruition so not sure what to make of the latest downgrades. Many times these downgrades ARE the bottom.