Most folks are stupid and want to blame others. It is ingrained in the USA since a giant industry is suing folks. Look at smoking. 400 years ago the Queen said it is dangerous. One lawyer sued big Tobacco and made 1 Billion dollars. Not satisfied with that he sued State Farm after Katrina with bribing judges to game the system, thus we went to jail. Folks worship lawyers and the TV airwaves are filled with all sorts of things one can jump on the bandwagon to collect.
Cramer also said to not buy MO when it was 34 to 35 bucks 11 Months ago and now MO is 54. Cramer often will say to buy when a stock is clearly rising; well past the bottoms
In the last year MO has skyrocketed compare to PM. MO seems to be priced perfectly and I sold much at 45 last Fall thinking that its HIGH then was it for awhile. Ie planned to buy back more when below 40. But today it has been at 54 thus a screwup. The PE ratio of MO now is way out of the norm. I have owned MO going back decades. 3 years ago many thought MO was dead money and PM radically a better bet. The last year for MO has been stellar; out of the norm. It sure is pricey compared to historical PE ratios
Yahoo finance has always had a giant delay before the dividend amount is changed. It might be just a few days too, or weeks or months. Kodak on Yahoo had its dividend listed for about 1 year before Yahoo finance dropped it to zero. Thus use Yahoo or any other source as a way to look at more sources to make sure the info is OK or just old
The stock was 27 bucks in Sept 30th 2014 and at that time the barrel price and all oil stocks were radically higher. During most of 2014 SDRL stock was in when 35 buck range when oil barrel prices were high. I bought SDRL in April at about 33 and sold it at 39.8 in June and have to pay capital gains tax on my SDRL gain.
The feeling guess (error) among many folks in the oil patch in Sept 2014 was a low and NOT just a rung on a massive decline. Looking backwards now we all are experts.
When his prediction of 50 in two years was made on Sept 30th; only 3 months before the SDRL price peaked at 40 bucks. Thus a 50 buck rise is not so absurd. The error about all have made is calling a bottom. The chap "guru" on this board predicted a low of 7.5 bucks for the end of 2014 for about all of December; others predicted zero and every number from 1 to 20.
When the sept 30th prediction was made SDRL was 27 and it had been 40 bucks 3 months prior and was in the 35 buck region for much of 2014. The error was calling September the bottom
A ton of coal burned can generate 2.5 mega watt hours. 500 megawatts for 1 month would be 500 * 24 hr * 30.4 days = 364800 Megawatt Hours. Tons of coal per month = 364800/2.5 = 146000. A common coal barge holds about 1500 tons for a barge 195x 35 ft with a 9 ft draft. Thus in one month the number of coal barges to stoke the plant is 146000/1500 = 97.
This is like 3 or 4 coal barges a day to stoke 500 megawatts average power output.
In practice coal varies in BTU value; the draft (water depth that is OK) varies on how where plants are ; the barges vary and the efficiency varies of the plant/thermo cycle.
Thus take my numbers as a swag; ie ballpark value and not some exact figure.
Locally the coal plant has the barges come by many times a day and its output is also in teh same rage thus I know I am not by a gross error of 10.
An old figure we used in college decades ago was 1 Lb of coal for 1 Kilowatt hour of a modern coal plant.
Do I buy 1.899 gas for my mower now or wait until March when mowing season starts?
Dropping the part "in two years" was done by the "reposter" to make the posters ORIGINAL comment be absurd. The "reposter" thus reposts has misquoted his enemy's original quote many dozens of times since Sept 30th, to promote a Beavis and Butthead type of stock Forum.
I pulled the buy trigger many times in the decline with each buy maybe the lowest point ! :) Really it is easy looking backwards at a chart; impossible to predict future prices.