Thrills and spills
You don’t buy a company on those numbers unless there is a nasty back story, which of course there is. BP plc (ADR) (NYSE:BP) is still floundering in Deepwater. There is still a chance it could be found guilty of gross negligence, which would sink its share price, and unleash the legal sharks. Would I buy BP plc (ADR) (NYSE:BP) today? On a 5% yield and six times earnings, it is too tempting to resist. But investors must accept more risk than is usual for a company of this size.
The article Should I Buy BP? originally appeared on Fool.com.
Harvey Jones owns shares in BP plc (ADR) (NYSE:BP) and Royal Dutch Shell plc (ADR) (NYSE:RDS.B). The Motley Fool has no position in any of the stocks mentioned.
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