As the oil keeps gushing in the Gulf, here’s a little modern history to further agitate your ire toward the UK’s biggest corporation. The following excerpt is from my new book, Financially Stupid People Are Everywhere: Don’t Be One of Them: Remember how the Iraq war was supposedly all about protecting innocent people from future [...]
I’ve been having excellent conversations with subscribers about buying into the oil patch during the BP Gulf crisis. We’re seeing capital intensive companies with excellent growth prospects trading below book value. The scare that’s created it is the mystery surrounding the size of the liability such firms face. What I think many are missing is [...]
I spend a lot of time looking at reasons we rarely see change in society. The obvious resistance is that entrenched corporate interests pay politicians to keep things the way they are. If the status quo is profitable, then it makes sense to pay a portion of profits to keep it in place. Beyond that, [...]
We’ve been watching shares of stocks affected by the BP Gulf spill. Last week when I wrote that we were watching rather than buying, many critics said the shares would jump long before the news turned better. However, the news was worsening last week even ahead of the failed top-kill attempt, and waiting proved to [...]
Lots of investors are eager to jump into what they see as a buying opportunity in the BP Gulf oil spill, including me. Yesterday’s spike in share prices makes it look as if the window of opportunity may be closing. Don’t be too sure. In a note sent to clients Monday, Cumberland Advisors Chairman David [...]
