Eagle & Beagle, Oct. 7

Business Writer Don Mecoy takes a weekly look at Oklahoma's high-performing and low-performing stocks.
by Don Mecoy Modified: October 6, 2012 at 12:23 am •  Published: October 7, 2012
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Eagle & Beagle

Eagle

This week's eagle didn't exactly take flight, but it did gain a little altitude.

Some of the weeklong 4.2 percent updraft for shares of SandRidge Energy Inc., which closed Friday at $7.27, might have been provided by a sudden slew of online articles from websites with varying levels of credibility.

Motley Fool touted the company's handling of its balance sheet, but its online report ended abruptly with a pitch to buy an “up-to-the-minute” report on SD stock for just $10. I didn't spring for the data.

Meanwhile, several authors on Seeking Alpha, which boasts that it has more than 5,000 contributors, posted positive takes on SandRidge. I didn't read them all, but the headlines included raves containing phrases like “hot value play” and “the perfect stock.”

There's nothing wrong with reading these online takes, but a better Internet source for investment information is at www.sec.gov.

Beagle

It's a return engagement for our beagle this week.


by Don Mecoy
Business Editor
Business Editor Don Mecoy has covered business news for more than a decade after earlier working on The Oklahoman's city, state and metro news desks, including a stint as city editor. He has won state and regional journalism awards for business,...
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