Andy Bischel of SKBA Capital is eyeing bruised stocks with solid earnings growth potential. He talks about the prospects for Intel, Chesapeake Energy and Nasdaq. His firm runs the AHA Socially Responsible Equity Fund.
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Marketwatch, 11/20/2008
Consumer Credit outstanding fell $14.8b in Sept seasonally adjusted, almost $5b more than expected and marks the 11th month in the past 12 of declines. At $2.456T outstanding, it is 4.9% below the record high in July '08. After a flat reading in Aug, (didn't fall b/c of the CARS program), non revolving debt outstanding fell by $4.9B. Revolving (mostly credit cards) balances outstanding fell by $9.9B. To fully put into perspective today's data, look at the current level of consumer credit (doesn't include mortgages, the biggest chunk of consumer credit) relative to GDP. As of Q3, it totaled 17.2%...
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November 21st, 2008 at 10:32 am
I wish these guys would just come out and say…. you know i have no idea what anything is worth nor do i know what capitalism will resemble in 6 months but based on my MBA programming it tells me now is a good time to guess and these are my guesses. I would respect it if they said that out loud.
November 21st, 2008 at 11:57 am
I don’t have an MBA but I am happy to make guesses. I am guessing that the world will not end and that oil will one day be more than $100.
November 21st, 2008 at 12:37 pm
Good guess! Now monetize it.