I have this one, already!

The $15 Special...
Here is your bimonthly commentary from Executive Editor David Fish and a capsule review of our featured stock. As a subscriber, you are entitled to the reduced service fee $15 (instead of $25 or $50), if you choose to enroll in the DRIP of this company before Friday, 02/06/2009, at 12:00 noon (EST). All orders must be received by the deadline in order for the reduced fee to be valid.


NOTE: To obtain the $15 fee, you must use the link on this email. You may also accept the option to print out the ONLINE Order Form and mail that in, provided you do so within the deadline. Regular Order Forms with the above symbol written on it will NOT be granted the $15 service fee.

Our current Special is...* XTO Energy Inc. (XTO)

Formed in 1985 as Cross Timbers Oil Company, XTO engages in the acquisition, development, exploration, and production of oil and natural gas properties in the United States, as well as the processing, transportation, and marketing of natural gas. At the end of 2007, the company had proved reserves of 9.44 trillion cubic feet of natural gas equivalent (including natural gas liquids) and 241 million barrels of oil, which it had accumulated from over 13,000 producing wells in 15 states, primarily Oklahoma, Texas, Kansas, New Mexico, Arkansas, West Virginia, and Louisiana. Consensus estimates call for XTO to have earned about $3.77 per share in 2008 and to earn about $4.18 per share in 2009, compared with $3.59 in 2007. Free cash flow for 2009 is projected to be about $2.2 billion, when management expects to add about 1,250 new wells and increase production by 18%. The current price/earnings ratio is 8.4 and Value Line projects 13% annual earnings per share growth over the next 3-5 years.

Click here to go to an order form for this company. The enrollment fee is only $15 until Friday, 02/06/2009, at 12:00 noon (EST).

Copy and paste link:
https://www.directinvesting.com/securefiles/static/find_company_s.cfm?s=XTO&s10=y

Commentary
Limited Time Only The more things change, the more they stay the same. That old saw is particularly appropriate in today's stock market environment, precisely because we tend to think of what is going on now as something unique. It's not. The names and faces may be different, the industries in trouble may not be the same as the last time around, and the technical patterns may vary from those of the past. But the reality is the same. Greed has given way to fear, and we can be sure that eventually fear will be replaced once again by greed. Those who are ruled by emotion are afraid to invest, even though they are being presented with prices that may be half-off from what they would eagerly have paid not so long ago. Ironically, those same individuals will probably be willing to buy the same stocks at much higher prices in the not-too- distant future. While many pundits are fond of drawing similarities to the 1970s bear market or other distant declines, we think that the best parallel is that of the most recent bear, which ended in March 2003. In that case, the 2001 recession gave way to a steep decline that lasted all of 2002 and then some. It was triggered by the bursting of the tech bubble that was the result of greed and a distinct lack of logic. Now we have experienced the bursting of a housing bubble created by greed and an absence of logic, aided by cheap money. By some accounts, we entered a recession over a year ago, and many industries are entering a period of contraction or consolidation, after which they will be better able to conduct business efficiently. It's pointless to even guess at when the market may turn higher or when the recession will end. The important thing is that it will end. That's when hindsight will start to take over and many people will realize that they had missed out on bargains in every corner of the market. Just look at price/earnings ratios, dividend yields, and cash balances at many well-known firms, and it's easy to see what we mean. The ability to use dollar-cost averaging to minimize timing risk means that we have little excuse to let ourselves be ruled by fear.