Would it be ethical to invest in BP stock right now?
I won’t do it because it would make my skin crawl, but I think it would be a great financial move at the moment. Sure, they’ll take a big hit, but nowhere near the 35% market cap they’ve lost since the spill. This is a company that posted $6+ billion in profit last quarter. Even if they’re stuck with a $10B price tag for this, they’re still in the money big time.
I’m curious to hear people’s take on this…socially responsible investing, etc.
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