BP is trading 40% below its 200-day moving average and 40% below its enterprise value, explains Barry Ritholtz of Fusion IQ. It’s reached a point beyond being a value trap. Now it’s either a dirt cheap stock or a company that’s going out of business and I don’t think it’s the latter.
in CNBC.com
Related Stocks: BP plc (ADR) (Public, NYSE:BP), Transocean LTD (Public, NYSE:RIG) and Halliburton Company (Public, NYSE:HAL)
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