Keith Springer Quoted in Wall Street Journal, BP Bonds Getting Crushed: Are They a Screaming Buy?

President of Capital Financial Advisory Services in Sacramento California Keith Springer Quoted in Wall Street Journal

BP Bonds Getting Crushed: Are They a Screaming Buy?

SACRAMENTO, Calif. (MMD Newswire) June 16, 2010 -- Keith Springer provides in-depth analysis on BP bonds and the company's future investment potential.

"As a bond holder all you really care about is that they stay in business," said Keith Springer, president of Capital Financial Advisory Services, a Sacramento-based wealth advisory firm, who puts the likelihood of a BP bankruptcy somewhere around 30%. (Springer says he has not been buying BP bonds, but has been dabbling in some other credits of companies tied to the Gulf oil spill.) Still, he says BP bonds are probably a good buy. "Once this is over, they're going to be a viable company," he told MarketBeat, of BP.

While really risk-hungry investors might be tempted to buy into shares of BP, more conservative bonds offer different ways investors can benefit, Springer says. The price of the paper itself could bounce back, generating a nice gain, as worries about the company's survival relent. Meanwhile, as investors wait, they collect a nice fat interest payment of more than 8% over the next year.

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Keith Springer, President of Capital Financial Advisory Services, a SEC Registered Investment Advisory Firm, frequently provides commentary and analysis for various global and national media outlets. He has developed a proprietary process for successfully building tax-efficient retirement portfolios and has been providing specialty wealth management services for over 25 years.