Regarding "Hurricane stocks". Sheff and Rainmaker, you two are without doubt two of the sharpest people in i-hub. I read both of your boards daily. It is always a great source of information and knowledge. However, I feel that with these hurricane stocks there is one aspect of what some of these companies do that is being left out of the equation, one very important aspect:
I'll use one company as an example, WEGI. I've noticed several references to these being companies that rise on the misfortunes of others and benefit from death and destruction. Unless I'm missing something here, as far as I can see these are the companies that rebuild peoples houses not destroys them. It replaces roofs not rips them apart. They clear floods they do not causes them. They rebuild lives they don't destroy them. They react to hurricanes they do not cause them.
While I agree that a hurricane or an earthquake or tornado or flood or any other manner of natural disaster causes nearly immeasurable suffering for people that are unfortunate enough to be caught it the path of such things, how much worse would things be for these people if there were no businesses that specialized in helping put back the pieces of their lives after such an event? Or even more harrowing a prospect: What if these people had to rely on government to rebuild their homes? FEMA? No thank you. We've seen how well that goes.
I strongly agree with the concept of investing with a conscience. With that in mind, I make it a point to NOT invest in certain companies such as Halliburton because they truly cause death and destruction and rob our country blind or Comverse Technologies because they are spying on us for a foreign country or Lockheed or Northrop or GE because these companies manufacture the weapons that end innocent lives around the world and they will not have one penny from me to help them do so. Nor will I invest in companies that further the agenda of a surveillance state and contribute to the further erosion of our civil liberties. Or a company like Monsanto who is slowly taking over the worlds food supplies and putting rice and corn and hog farmers around the world out of business and poisoning the food supply with their patented GMO harvests. Or a company like Bechtel that goes into Latin American countries such as Bolivia and then proclaims that the rainwater is their property. Yes I do mean the water falling from the sky was declared the property of Bechtel. Nor will I invest in bio-fuel companies because they take food farms and turn them into fuel farms thus driving up the cost of food and shortening the supply and while I can walk to where I need to go I can not eat gasoline. Not investing in these companies I have mentioned and any like minded company is my idea of investing with a conscience.
I was in Miami during Hurricane Andrew. I was in LA during the riots and the North Ridge Earthquake. I was in NYC on 9/11. I've seen my share of disasters up close and personal. In those disasters I have also witnessed businesses suddenly jack up the prices in times of need. Ten dollars for a bag of ice. Five to ten dollars for a gallon of water. Ten to fifteen dollars for a gallon of gasoline. Canned food marked up 1000% over night. THAT, is profiting from disaster. That is unjust. That is not what WEGI does. They do the opposite. They rebuild homes, decontaminate drinking water supplies, repair roofs, clear roads and help people get their lives back in order after nature deals them a very very bad hand.
So I guess that what I'm saying in a very long winded manner is: I disagree with your description of what these hurricane stocks are and do.
You know, maybe the problem is with the name. I have an idea, instead of calling them "hurricane stocks", how about calling them "Hurricane Relief Stocks"?
Anyways, just my two cents worth. Thank you both again for your boards and your posts. You remain my favorite sources of information on i-hub.
Be cool kids...ciao.
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