angus
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Posts: 17,424
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« Reply #1 on: September 04, 2008, 09:55:31 AM » |
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we'll see. I thought it a well-delivered endorsement of McCain peppered with some exaggerated but humorous jabs at the Democrats. I was sufficiently moved. I may not vote for them, but I did buy fifty shares of TRP for 36.50 per this morning a few minutes after the NYSE opened. Its one-year high was around 44 and low around 31.50. At 15.9, he p/e ratio is a little high, but the beta value is 0.43, so I don't think it's a huge risk. Yesterday I read that TRP acquired Bison Pipeline LLC, which is planning a pipeline in the northern intermontaine West, from Wyoming to North Dakota, and of course Palin is a drilling advocate and last week signed a contract to build a $26 billion natural gas pipeline with TransCanada Corp. We're small players, never risking more than a few thousand dollars worth of any particular stock at a time, but I'm hoping the public likes her enough to look into her over the coming weeks and ultimately drive the stock up a little between now and election day. Depending on polling data in late October I'll decide whether to hold it or sell.
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