Common Cents Investment Group October 8th 2012
Agenda • BusinessWeek Survey • Today in the market • Luv Sharma
BusinessWeek • Seniors (4th rank) students only! • Take these seriously! • Sometime around November 11th 53
Useful Definition • Overweight: An analyst's opinion on a security’s future…particularly the belief that the security will outperform its industry, market, etc.
Today in the Market • BP offloads its Texas City refinery to Marathon Petroleum • Was the scene of a fatal fire/explosion in 2005 • $598 million for refinery • $1.2 billion for inventory • $700 million if certain conditions are met • BP expects to offload $38 billion in assets • “It’s like selling a used car to a college kid, they’re thrilled to have it and you’re just glad to get rid of it.” – FadelGheit
Today in the Market • Marathon Petroleum increases its refinery abilities by 40% • BP has sold assets for prices above and below expected value • Fundraising efforts have gone quite well
Today in the Market • http://www.bloomberg.com/video/boom-netflix-bust-eastman-chemical-apple-pLR7NiKFR~WlnstEJd22_A.html
Membership $20 • Cost is only $20 for the whole year! • Benefits: • Member of a very beneficial and informative club that will inevitably be valuable in your future • A network of friends who share a similar interest in investing and personal finance • A virtual portfolio challenge that will strengthen your confidence in investing
Membership • Make sure to check out our website for the presentations Monday night | ccig.osu.edu • Get on our Facebook page and like us! www.facebook.com/ccigosu
Questions? ? • Questions, comments or concerns?