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Would anyone buy BP Stock?

Discussion in 'Money & Finance Forum' started by cmmguy, Jun 10, 2010.

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  1. Jun 16, 2010 at 5:45 PM #11
    tonync55

    tonync55 Full Access Member

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    I bought 1,000 shares of Ford stock when it was about 1.58 a share. My stock broker asked me if I was crazy but I got the last laugh when it it 16.00 a year later. Hell yea I would buy BP stock when it tanks.
     
  2. Jun 17, 2010 at 9:02 AM #12
    VA49er

    VA49er Full Access Member

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    Did you sell at $16?
     
  3. Jun 17, 2010 at 9:55 AM #13
    chipshot

    chipshot Full Access Member

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  4. Jun 17, 2010 at 10:14 AM #14
    Playa

    Playa The coach is a near

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    Trace is waiting until his AIG stock skyrockets before he comes back to TBR to throw it in our face.
     
  5. Jun 17, 2010 at 10:20 AM #15
    gridfaniker

    gridfaniker Loathsome

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    that was before the Ford Fusion Sport was crowned Best Motor Vehicle Ever and the stock price shot through the roof. you should know better than to doubt Tony
     
  6. Jun 17, 2010 at 10:52 AM #16
    meatpile

    meatpile 7-9

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    I think BP is gonna be fine.

    They've been giving about $40 billion per year in dividends, they just suspended that. That's double what they put in escrow, but they can cover that by 1 year of suspended dividend.

    Also, their market cap has declined by double THAT - about $90 billion.

    No way they get a bailout, no way they need one. Nothing leveraged, no legacy healthcare costs or fucked up unions. They're a cash machine and will continue to be.
     
  7. Jun 17, 2010 at 2:56 PM #17
    slydevl

    slydevl Asshole for the People!

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    Millionaires are made when blood is running in the streets
     
  8. Jun 17, 2010 at 3:27 PM #18
    jazzbluescat

    jazzbluescat superstar...yo.

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    I hope so. It's one of the few stocks I bought outright, outside a mutual fund.

    I don't mind no dividends so much if the stock's value doesn't diminish to the point that I lose my ass selling if I have to.
     
  9. Jun 17, 2010 at 4:48 PM #19
    VA49er

    VA49er Full Access Member

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    Yep, looks like, at least in the last three years, the highest it's been is around $14.5.
     
  10. Jun 17, 2010 at 5:40 PM #20
    meatpile

    meatpile 7-9

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    I was wrong on the dividend - its been 10 billion per year, not quarter.

    Either way - they got the $$.
     
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