Ken Heebner Keeps Up On Petrobras (PBR)

Energy

Published: June 25, 2008 1:53 pm

The esteemed Ken Heebner of CGM Funds came on CNBC after the coin toss announcement from the FOMC today and he has defended and reiterated his strong and solid views on Petroleo Brasileiro (NYSE: PBR), or Petrobras.

This is a stock he has been behind for quite some time as of now, but he thinks it is headed much higher. He believes that the new huge find they are sitting on could lead this one to grow 5 to 10 times over the first half of the next decade. He noted how it is trading at 9-times forward earnings, with a huge discount to the S&P, and a solid value under the company. He even gave it the equivalent of "I haven’t seen anything like it (the discount)" in his interview.

Shares of PetroBras are up over 3% at $68.39 on the day and the 52-week trading range is $24.375 to $77.61.

As far as what we think of Ken Heebner, let’s just say he is far more nimble and far more active than Warren Buffett as far as trading and investing are concerned. Heebner’s got a better record of late, too.

Jon C. Ogg
June 25, 2008

Are You Still Paying With a Debit Card?

The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.

Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!

Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!

Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.