It’s Not Easy Being Green
November 4, 2007 at 6:23 pm
Pity, please, the poor folks who run the New Alternatives mutual fund.
We learn this from Kiplinger:
Ethanol, biofuels, and solar, wind and ocean power. With oil prices in the stratosphere, everyone, it seems, is suddenly interested in alternative energy. But Maurice Schoenwald and his son, David, have been exploring the best investment opportunities in this rapidly growing industry for more than a quarter-century…. The Schoenwalds are passionate liberals who employ social screens to pick stocks. Several years ago, they sold their position in Chesapeake Energy after learning that its chief executive was involved in Swift Boat Veterans for Truth, a group that opposed Democratic presidential candidate John Kerry in 2004. Chesapeake’s stock subsequently turned out to be a big winner.
Yeessshh. Remind me not to entrust my family’s financial security with those earnest folks. Heck, why not just let it all ride on Ben & Jerry’s stock?
richarda said,
November 4, 2007 @ 8:17 pm
Have you noticed how well TOBACCO stocks have done AFTER the gov’t. started suing the bejesus out of them?
I have one that now sells for twice what I paid for it, AND pays me a 5% didvidend.