October 8 th 2012 - PowerPoint PPT Presentation

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October 8 th 2012

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  1. Common Cents Investment Group October 8th 2012

  2. Agenda • BusinessWeek Survey • Today in the market • Luv Sharma

  3. BusinessWeek • Seniors (4th rank) students only! • Take these seriously! • Sometime around November 11th 53

  4. Useful Definition • Overweight: An analyst's opinion on a security’s future…particularly the belief that the security will outperform its industry, market, etc.

  5. Today in the Market

  6. Today in the Market

  7. 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

  8. 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

  9. Today in the Market

  10. Today in the Market • http://www.bloomberg.com/video/boom-netflix-bust-eastman-chemical-apple-pLR7NiKFR~WlnstEJd22_A.html

  11. Today in the Market

  12. Today in the Market

  13. Luv Sharma

  14. 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

  15. 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

  16. Questions? ? • Questions, comments or concerns?