Re: Capitalising on Katrina
Money-makers of today will have to give it back the other day...either to natutre or otherwise...hmmmmmmm...
Re: Capitalising on Katrina
I got news today from one of my friends who went out in a chopper in GoM to assess the damage and he says hundreds of platforms are missing. That means money for service companies like Halliburton and Schlumberger, unfortunately those stocks have already built the value in price. What is off the radar, not completely though are the diving companies. Check out Global Ind, Cal Dive, Oceaneering and McDermott. Good luck.
Re: Capitalising on Katrina
A lot of the obvious plays are already pretty well marked up. One of my favorites is Hornbeck Offshore Services, a company that provides boats to offshore oil rigs. HOS is up 20% in four days. None of their boats were damaged, and day rates for charter will go way up due to demand.
Re: Capitalising on Katrina
Now that's what I'm talking about!!!
Goes to find companies that allow online stock purchase from canada
Re: Capitalising on Katrina
^
a few days late buddy.
Re: Capitalising on Katrina
Katrina, a nature's act of terrorism.
I am wondering why Shrub hasn't started a war against nature for terrorism?
Anyway, the answer the prime question is obviously people are & will make money from this, humans never let go any opportunity.
You can invest in oil industry as prices are already on rise.
Re: Capitalising on Katrina
Another housing boom!?
Re: Capitalising on Katrina
stocks, oil, building/housing/lodging, tourism.
if ure really cruel, u can steal water/food from affected supermarkets and sell it to those with a few bucks who need the stuff!
Re: Capitalising on Katrina
The more I think about it, the more I am convinced that almost a third of the city of NO will have to be gutted. Wind damage is one thing, but the houses that have been underwater are simply unihabitable.
So imagine for a minute that:
1) All owners of the properties are fully compensated for the buildings either through insurance, or an emergency federal fund.
2) The land is taken by the city under eminent domain. The owners are compensated fair value for the land.
3) The area is plowed under, flat to the ground. At this point the city could do massive upgrades to the levy system almost un-hindered. There is a very large rail yard near by which they could bring in massive amounts of fill to raise the level of that section of the city like the Netherlands.
4) A master development plan is created, perhaps using the Rouse company that has done many urban redevelopment plans as the master builder.
5) The area master plan is done a la Reston Virginia, with centrally planned areas for low income housing, schools, community resources, shopping etc.
6) Parcels are sold off to various developers along with rigid building guidelines for historical appearance, building density, open areas etc. The sale of this land helps offset the cost of the new levy system, and raising the level of the land.
7) First priority to all jobs would be given to those displaced, both during the infrastructure phase, and the development phase.
8) The City and the State eventually benefit by a more vibrant city and enhanced property values.
This may be politically incorrect, but the sections of the city that are destroyed were the worst sections of the city. The concentrated areas of poor people became self perpetuating. Many of the displaced people will never return, as they will establsih new lives elsewhere. and it will be years before there is enough habitable housing in NO for all of them. In the end, a massive development program may end up with a much better and safer New Orleans. It will create jobs and true urban renewal.
Look for Bush to propose this type of phoenix program, with a redevelopment czar at it's head. A special category of "Phoenix Redevelopment Bonds" could be sold bearing a slightly higher interest rate much like the special category of TIPS bonds are now. This project is really no bigger than the big dig in Boston, or an Olympic Village, or a Big Subway system. If you want to turn a negative into a positive, this is what you do.
Re: Capitalising on Katrina
^
Hurricane Cameil wiped out big chunks of N.O. (nothing like we see today) and as one person put it, it had to be wiped out because it was so dumpy. I think one of the major attractions for the poor other than the fact that some had been there for generations was the job opportunities, you needn’t be college educated to work the docks or be a seaman.