For those that would like to take a break from the mindless "Obama is bad" posts, here's a link from Forbes I found interesting:
The analyst calculated $22/share in equity, and estimated a worst case value of $43 and a "nevertheless conservative" estimate of $70.
What I suspect is that it will be 20 billion this year in the spill kitty, 10 billion next year and 5 billion the year after. The dilution of the stock price being built in, 45/share for a buyout offer if generous. Bp has money and will continue to generate money. When it's all said and done, the 100,000 plus bls leaking into the gulf on a daily basis will begin to be recovered, thus affording some money to claimants. So, what we have here is a fair assessment. I can't see anything above 50 til next year. They will be bought by then. For you underinformed, this was going to be a working well, hence the 100 k plus amount is very conservative!
(This is where I'd do my best George Costanza impersonation and say "Oh yeah? Well the JERK store called... and they're out of YOU!") Really, explain why you think I'm wrong, don't just insult me.
Well played, and congratulations.
Just in from CNBC: Relief well now within 15 feet!
i had calls and real shares in low and mid 30's. I think the leak will be stopped earlier than expected August. But August is the turn around month. However, if you wait on anticipation, you might be too late. August calls is a great choice.
...except that BP has cash and assets, while Lehman had worthless paper. BP's liabilities aren't "unlimited" either. Tens of thousands of claims have already been settled.
To date, BP has paid $159M in claims. In order to receive a claim check, a form gets signed that waives future legal action against the company. BP is already limiting liability. $20B pays a lot of claims.
liabilities, great topic. You can sue anyone for just about anything. You can walk down to your neighbor with a supoena saying that his ugly face makes you vomit and you can't work anymore. If your neighbor was BP, the lawers may take on the case because they have lots of money. But if you are just you, chances are you will be laughed at. But will you win the case? Probably not.
Really what are they sueing for? loss jobs that they never had, can't spread their fat bodies on the beaches, loss of business that was never a success? This will drag on for many years, the lawers might end up rich but the plaintiffs ends up broke. BP has so much money and political ties, it is ridiculous to see them lose any legal battles.