Not that price is truth, but the price chart for Range Resources over the past five years is really ugly. But the company has long been a favorite of Seeking Alpha authors. We try to pick apart this bearish market consensus vs. bullish author sentiment with an idea from KCI Research Ltd. on the company and why its valuation is too cheap to ignore.
Topics covered
8:15 minute mark - The guts of the contrarian case 15:30 - Breaking down the accounting for RRC's book value 25:00 - The benefit of cleaning up the balance sheet even in a low-interest rate environment 33:30 - Risk tolerance among KCI Research Ltd, other authors. 38:30 - Final thoughts