Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

YPF Getting Close To Buy Price

|Includes: YPF Sociedad Anonima (YPF)

YPF is the major oil company of Argentina. It is a solid blue chip company having paid uninterrupted annual dividends since the early 90's.

I first bought some shares of YPF SA (ADR) back in 2012 for ~$12 apiece, selling them all in the early 2014 downturn at ~$28 each.

This has been my best performance to date on any stock I have ever owned. The credit goes to the Argentinean governernment taking over the company from Repsol and the crisis that was created allowed me to scoop up cheap shares in a company that would never normally trade for so little.

YPF is a strong fundamentals company: past 5 years growing revenue, net income, no losses, healthy balance sheet and good cash flow. Return on equity for past 5 years has been average to above-average (12-30%).

TTM ROE is 17.23%: above average. Price-to-book for TTM is 1.2.

I am waiting for the stock to fall below book value at which time I will consider buying shares.