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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Mannie who wrote (15547)	5/1/2013 2:05:39 PM
From: JimisJim	2 Recommendations Read Replies (2) \| Respond to of 34328

Mannie, as I've posted before, I just don't like the way BP is run or operates... IMO... in my dealings with them in the field over the last 25 years, they (IMO) don't seem interested in routine maintenance, etc... to me, this is a red flag about how they operate in general and tells me they are a constant risk for more mayhem... not if, but when, IMO... and not just offshore but throughout their operations, again, IMO... Now, having said that, many people love BP for their retirement PFs because of their divvies and figure anything else is just a cost of doing business.

To: Mannie who wrote (15547)	5/1/2013 3:35:36 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 34328

re BP: I've traded it since the Gulf spill; it's difficult for me to consider a company this poorly managed as an investment. RDSB and XOM are much better managed, if you want Big Oil. However, if BP's stock price gets low enough, I'll re-consider (they do have hard assets worth a lot, no matter what management does). As you can see from the chart, the 5-year moving average (gold line) has been a line it can't get back above, ever since the spill. While other big cap dividend payers hit all-time highs, BP goes sideways to down. I wouldn't buy it here; wait till BP revisits the 2012 or 2011 lows. Yes, it will.