Savvy Trades and Investments

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Fair points on BDCO. I figured Q3 earnings would come in between Q1 & Q2. Certainly didn't think they would repeat the monster Q2 numbers, but the way the stock has dropped from $1.80...I guess others did.

BDCO sells mostly diesel and jet fuel. So here's a couple of charts to keep an eye on. The diesel crack spreads jumped up significantly in the opening weeks of Q4, so they should have another excellent quarter on the way. Plus jet fuel prices remain high, with near record holiday travel expected.

https://www.neste.com/investors/market-data/oil-product-margins#fd280202
https://www.airlines.org/dataset/argus-us-jet-fuel-index/

I think this one is a fun gamble. Def not saying because Q3 earnings were .43/share, the stock should trade over $16 with a P/E of 10. But the $1.30's?? How many stocks trade at a P/E below 1? Maybe there's some out there, I just don't know of any.