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

"The point to remember is that what the government gives, it must first take away."

John S. Coleman, address to the Detroit Chamber of Commerce

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

  • 5 Links And A Joke Walk Into A Bar

    July 8, 2025
  • There WAS No Cherry Tree

    July 7, 2025
  • "The Most Popular Bill Ever Signed In The History Of Our Country"

    July 6, 2025
  • Unbelievably Bad -- Literally

    July 4, 2025
  • Repeal The Steal

    July 2, 2025
  • Our Record-High Stock Market

    June 30, 2025
  • Stuffing The Goose

    June 30, 2025
  • Yes! (Plus A Bonus)

    June 29, 2025
  • How Does THAT Make You Feel . . .

    June 27, 2025
  • Randi, David, Ken, and HYMC

    June 26, 2025
Andrew Tobias Books
  • Facebook
  • Twitter
©2025 Andrew Tobias - All Rights Reserved | Website: Whirled Pixels | Author Photo: Tony Adams