Eagle & Beagle, Oct. 7
Business Writer Don Mecoy takes a weekly look at Oklahoma's high-performing and low-performing stocks.
Eagle & Beagle
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.
It's a return engagement for our beagle this week.
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