HALLIBURTON, A BET ON OIL'S REBOUND
HALLIBURTON, A BET ON OIL'S REBOUND rebound (rē´bownd),
n/v 1. a recovery from illness.
n 2. an outbreak of fresh reflex activity after withdrawal of a stimulus
rebound adjective
Even though this may be a painful bear market, the maxim for long-term investing stays true: Buy the strongest companies in the worst of times. Veteran market analyst Glenn Cutler says Halliburton (HAL Hal: see Halle, Belgium.
hal
In Sufism, a state of mind reached from time to time by mystics during their journey toward God. The ahwal (plural of hal) are God-given graces that appear when a soul is purified of its attachments to the material world. ) fits the bill as oil prices fall.
Shares of this globally integrated oil-services company skidded to 13 a share on Nov. 20, down from 55 in July. They edged up to 18.41 on Dec. 17. It will be among the first to snap back (Football) to roll the ball back with the foot; - done only by the center rush, who thus delivers the ball to the quarter back on his own side when both sides are ranged in line.
See also: Snap once the economy and oil prices recover, says Cutler (he owns stock), publisher of Cutler's Stock Market Blog & Special Situations Reports at TheWinnersForum.com. He says Halliburton's strong balance sheet, with cash of $1 billion and a $1.6 billion credit line, provides a safety cushion Safety cushion
In a contingent immunization strategy, the difference between the initially available immunization level and the safety-net return. .
Joe Agular of investment firm Johnson Rice rates Halliburton a buy and sees profits of $3 a share in 2009 and $3.35 in 2010, up from 2008's estimated $2.88.
Unless otherwise noted, neither the sources cited in Inside Wall Street nor their firms hold positions in the stocks under discussion. Similarly, they have no investment banking or other financial relationships with them.
Inside Wall Street is posted at businessweek.com/investor at 5 p.m. EST P.M. also p.m. or p.m.
abbr.
post meridiem
Usage Note: By definition, 12 a.m. on Thursdays.
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