Skip to content
Andrew Tobias
Andrew Tobias

Money and Other Subjects

  • Home
  • Books
  • Videos
  • Bio
  • Archives
  • Links
  • Me-Mail
Andrew Tobias
Andrew Tobias

Money and Other Subjects

A Decent 10 Weeks

March 14, 2016March 14, 2016

Recently, I apologized for some of the awful stocks I had suggested (“Year-End Tax-Selling Buying Opportunities”), concluding:

All that said, would this be a time to buy a little GLDD?  A little PRMRF?  A little BOREF?  Each under $5?  Check back with me in a year or two and we’ll know.

In the 10 weeks since . . .

GLDD is down slightly.  I just wait, and wait, and wait, as the silt accumulates (they are the nation’s largest dredging company) . . . and the CEO, with any luck, gets fired.

BOREF is up by a third.  Sort of.  I mean, it is . . . but it trades so thinly, it could go right back down if some guy decides to sell 500 shares and no one happens to be around to buy them.  But this is not a stock to buy for a small quick gain anyway; it is a stock to buy for either an eventual wipe out (somehow, I guess) or else for a big score.  Two years ago, when the stock was $16.50 and the company less far along, I posted, “BOREF: $338 A Share? Or $2.79?”  To me (and perhaps only to me), the logic still holds.  I wouldn’t sell any at $6.20.

PRMRF is up 50% and depends almost entirely on the price of oil.  My hope is that even at today’s prices, low-cost producers like this one will do okay.  (My even greater hope is that the world will move away from fossil fuels altogether.)  But if in a couple of years oil is back to $70, say, PRMRF could be back into the 20s.  And it was in the 20s that my smart rich friend who had researched it deeply thought it was worth a great deal more.  I’ll settle for the 20s.

As always: my little speculations are only for money you can truly afford to lose.

 

Post navigation

← Mars!
TED: $16,900 Off The Sticker Price →

Quote of the Day

"Government is the only agency that can take a useful commodity like paper, slap some ink on it, and make it totally worthless."

Ludwig Von Mises

Subscribe

 Advice

The Only Investment Guide You'll Ever Need

"So full of tips and angles that only a booby or a billionaire could not benefit." -- The New York Times

Help

MYM Emergency?

Too Much Junk?

Tax Questions?

Ask Less

Recent Posts

  • Alone In The World

    January 21, 2026
  • Let's Hear It For Independents!

    January 20, 2026
  • Straight Out Of Two Corinthians

    January 18, 2026
  • Why Greenland Prefers Denmark

    January 17, 2026
  • Greenland Is Having None Of This

    January 16, 2026
  • Greenland And ICE: Snips From Two Posts Worth Reading In Full

    January 15, 2026
  • Hundreds of Thousands of Murderers Roaming The Streets

    January 13, 2026
  • We Alone Can Fix It

    January 13, 2026
  • ICE, Measles, HYMC, Epstein, And More

    January 11, 2026
  • Little Narco

    January 9, 2026
Andrew Tobias Books
  • Facebook
  • Twitter
©2026 Andrew Tobias - All Rights Reserved | Website: Whirled Pixels | Author Photo: Tony Adams