Issues
Today, I’m recommending a “buy when there’s blood in the streets” type of stock:
Key points:
Key points:
- The company owns valuable real estate in Manhattan and Brooklyn.
- The underlying asset value implies 7x upside to the stock’s current price.
- Insiders have been buying aggressively over the past year.
Updates
This week, I wanted to share a couple good charts to show why I continue to be bullish on energy stocks.
First, energy still represents a very small weight in the S&P 500.
Energy as a percentage of the S&P 500 reached as high as 16% in 2009. Today it’s under 5%.
First, energy still represents a very small weight in the S&P 500.
Energy as a percentage of the S&P 500 reached as high as 16% in 2009. Today it’s under 5%.