So is anyone cleaning up on BP stock?
At the end of June last year, in the face of all the negative news and speculation about their liability exposure, BP shares hit their lowest price at around 27 (NYSE). Now they’re on a steady incline towards 50. I was following closely in early July when it started to rise, and would have invested then but didn’t have the spare cash at the time.
At the time it seemed like a textbook case of a basically sound and profitable company that simply had some bad luck (OK, maybe they were negligent) and therefore a great time to capitalize on under-priced stock. I wish I had gotten in at the 27 price, but I might even pick up some now, because I figure it still has at least a 10% rise to go this year.*
*This is not investment advice, and I am not qualified to even hold your purse while you go to the ladies room.