Shopping like crazy |
| Published: July 30, 2008, 8:30 am |
| Tags: investing, bpt, british petroleum prudhoe bay royalty trust, high yield dividend stock |
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There are some days when I have to sit on the money in my money market because I can’t find a thing that I feel is a good buy. Then there are days like today: I don’t have enough money to buy everything I want! The bargain of the week is British Petroleum Prudhoe Bay Royalty Trust.(BPT.) It just paid a dividend and has dropped down to a reasonable price. The P/E is under 10, and the price of oil is correcting right now. The dividend yield is 9.92% at today’s close, and that’s close enough to a double digit for me! The risk is not whether or not the stock price will someday rise. The risk is whether or not there will be a further drop in the share price until it rebounds when oil goes back up. I like BP for multiple reasons. First, it was quickly responsive for the oil leak on the pipeline recently. The company has fixed those problems and moved on. Second, BP has dedicated a great deal of time and energy to renewable [ Full article ] |
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