Halliburton Stock: "War Has Been Very Very Good to Me"

[JPZenger]

Click on the following chart to see how Halliburton's stock price has doubled since the start of the Iraq War:

http://finance.yahoo.com/q/bc?s=HAL&t=2y&l=off&z=m&q=l&c=

[PsN2Wind]

1. Cheney

might want to cash in his chips before the election.

[voice of reason]

10. he has none to cash

he already divested of is Halliburton stock

[HFishbine]

11. NOT TRUE

He has unexercised stock options.

http://www.cbsnews.com/stories/2003/09/26/politics/main575356.shtml

[mac56]

13. Welcome.

Do you really believe that?

[Columbia]

2. Looks like it went from about 20 to 30

How is that doubled?

[JPZenger]

4. Stock Price Doubled from Nov. 2002 to the Present

By Nov. 2002, many of Halliburton's no-bid contracts for the war were signed or about to be signed.

[Columbia]

6. Still looks like a POS stock to me

Nowhere near it's all-time high and will probably never reach it again.

[HFishbine]

12. It's done far better than the rest of the market.

[Eric J in MN]

16. a lot of stocks are nowhere near where they were in the late 90s (nt)

nt

[Screaming Lord Byron]

3. No one wants to be left holding this when Bush loses.

That'll be the point at which we can say with confidence that Bush is out, when the Halliburton stock takes a dive.

[Blue Wally]

7. NO

As I noted in other threads, Kerry won't have any alternative to Haliburton if he stays the course in Iraq. No other company can do what Haliburton does. Only alternative to Haliburton would be a special draft law which says to Haliburton employees in the middle east "you are in the Army now".

[Blue Wally]

5. In fairness

Haliburton's stock was severely depressed prior to the war. It was "oversold". Haliburton reached a high of $63 a share in 1997. After Dick Cheney bought Dresser Industries, it nose-dived to $8 a share. Cheney didn't do proper "due diligence" and when they acquired Dresser, they also acquired a horrendous asbestos liability. That is the reason the stock went down. The stock is now around $29 a share. Profits from Iraq have not come on line yet since the government is slow-paying. Their "engineering and Services" group (including Brown and Root) is operating at a loss. Until the asbestos situation is clarified, they won't get back to the top.

[Wilber_Stool]

8. At Hallibourton,

We don't make war. We make war profitable.

[voice of reason]

9. yeah, but look at the 5yr chart

http://finance.yahoo.com/q/bc?s=HAL&t=5y&l=off&z=m&q=l&c=

[LeftHander]

14. HAL $9 July 2002 - $30 today

YOu can tie Cheney's overtures to attack Iraq in 2002 to HAL's climb out of the cellar.

[Zorra]

15. After we get a Dem WH and Congress, there should be investigations,

trials, and convictions for all the war profiteers and lying government officials. A message needs to be sent, and a precedent needs to be set to prevent this type of activity in the future.