Quote:
Originally Posted by Jesus H Christ
Yup, the OP's question was stocks going long. Another example was Enron in 2004 with their BS accounting. Across the board energy stocks took a big shit as these same companies purposely closed facilities trying to make minimal quarterly profits. Five years later they posted the highest recorded profits in business, ever.
In short, like energy, people will always need a roof overhead, and homes always need work/upkeep, but that's just my opinion anyway.  |
Energy and commodities. Would there be better plays in specific service providers or industry support players instead of the actual big oil companies themselves? Why? Because they are so visible, the market probably prices in their movements many months in advance while smaller or niche support issues might be better longer term plays with better price appreciation over a 6 month to 1 year window?