View Single Post
Old 06-14-2010, 09:17 AM  
Hawkeye
Confirmed User
 
Hawkeye's Avatar
 
Join Date: Feb 2002
Location: Los Angeles
Posts: 1,291
From a business standpoint, the oil spill isn't a big deal. BP has plenty of money to cap the well, clean up the oil, and pay off the people affected. The stock price already reflects this.

However, in Obama's America, any company is now fair game for a government takeover. There's too much uncertainty over what the control freaks in Washington are going to do. They might just destroy the company for revenge.

So don't invest in BP unless you're willing to lose all of that money.
Hawkeye is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote