Summer Sale
50% off Premium Yearly
00days
00hrs
00mins
00secs
Opinions Richard Croft
Big Bank Big Oil Split Corp.BBO.TOWEAK BUYMay 13, 2015
Richard CroftUnknown
$9.22
Stock price when the opinion was issued
investment companiesfunds
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.
You might be interested:
DON'T BUY
Big Bank / Big Oil. It is not an ETF but a novelty product (split product). He is leery about oil and although it is above $30 now, he does not think bank profits will be that great and neither will the price of oil. He thinks these are the two big things that are going to be hit the worst when the interest rates and price of oil both stay low for longer.
investment companiesfunds
TOP PICK
Distribution is around 4%. You also get any dividend increases that go along with this.
Richard CroftOwned
investment companiesfunds
A split share is, in this case, 10 oil companies and 6 banks and they split out the potential growth and dividend payments. With a two share structure. The preferred share is basically a deep in the money call. He would look at just the banks.