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George Soros recently bought 1.9 million shares of Halliburton.

Old 03-02-07, 04:27 PM
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George Soros recently bought 1.9 million shares of Halliburton.

Given how often prominent Democrats in the news criticize Halliburton, I just thought that this seemed really odd.

I'm not sure if this is appropriate for the political forum, so if a moderator wants to move it, I'll certainly understand.

I don't really know what to make of this. It just seems really weird.

What do you think?



http://today.reuters.com/news/articl...c=66&type=qcna

Soros bought CVS, Rite Aid, Halliburton in Q4

Wed Feb 14, 2007 6:36pm ET31

WASHINGTON, Feb 14 (Reuters) - Billionaire investor George Soros said on Wednesday he bought 2.1 million shares of CVS Corp (CVS.N: Quote, Profile , Research) and 1 million shares of Rite Aide (RAD.N: Quote, Profile , Research) in the fourth quarter of 2006.

Soros also added 1.9 million shares of Halliburton (HAL.N: Quote, Profile , Research) and 1 million shares of Take-Two Interactive Software (TTWO.O: Quote, Profile , Research) to his portfolio during the quarter.

Soros Fund Management LLC disclosed its holdings as of Dec. 31, 2006 in a quarterly filing with the U.S. Securities and Exchange Commission.
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Old 03-02-07, 04:32 PM
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Old 03-02-07, 04:35 PM
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Soros is a strategic thinker. Maybe he's thinking that if he keeps supporting the people he's supporting and is successful there will be higher value in oil and war support services.
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Old 03-02-07, 04:41 PM
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Old 03-02-07, 04:42 PM
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Shouldn't Soros be investing in carbon credits through Al Gore's Generation Investment Management company?
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Old 03-02-07, 04:45 PM
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Originally Posted by movielib
Shouldn't Soros be investing in carbon credits through Al Gore's Generation Investment Management company?


They need a new slogan..."Polution is for the poor."
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Old 03-02-07, 05:44 PM
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So he's now joining the ranks of Michael Moore.
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Old 03-02-07, 09:08 PM
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George Soros recently bought 1.9 million shares of Halliburton.'

So?
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Old 03-02-07, 09:09 PM
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I hate to keep bringing this up, but this reminds me of the criticism the Repubs and conservatives leveled at Clinton & Gore for sending their children to private schools.
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Old 03-02-07, 09:40 PM
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Originally Posted by classicman2
George Soros recently bought 1.9 million shares of Halliburton.'

So?
So why would he do that? What is the rationale of a global financier in buying a substantial stake in a company simultaneous with supporting politicians who are fighting against that company?

This conclusion may require some original thought that the media hasn't supplied yet.
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Old 03-02-07, 10:12 PM
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Originally Posted by movielib
Shouldn't Soros be investing in carbon credits through Al Gore's Generation Investment Management company?

I'm sorry, but the only one allowed to buy Al Gore's Genereation Investment Management's carbon credits is... Al Gore.

A man's got to have some standards.
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Old 03-02-07, 10:46 PM
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Thanks for all your thoughts on this.

Maybe Soros views this as just another investment. But my understanding is that he gives to moveon.org, and they have been very critical of Halliburton.
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Old 03-02-07, 11:40 PM
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Originally Posted by X
So why would he do that? What is the rationale of a global financier in buying a substantial stake in a company simultaneous with supporting politicians who are fighting against that company?

This conclusion may require some original thought that the media hasn't supplied yet.
So you're saying he's supporting 1 issue politicians, since apparently their support or opposition is all that matters?
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Old 03-03-07, 12:19 AM
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Originally Posted by Bushdog
So you're saying he's supporting 1 issue politicians, since apparently their support or opposition is all that matters?
Gee, I dunno. Is that what I said?
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Old 03-03-07, 12:21 AM
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he's a smart man, instead of complaining about it he's investing in it

it's like what everyone suggested in the Exxon thread, right?
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Old 03-03-07, 08:22 AM
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Originally Posted by classicman2
I hate to keep bringing this up, but this reminds me of the criticism the Repubs and conservatives leveled at Clinton & Gore for sending their children to private schools.
Yeah, because getting votes on principal doesn't mean having to live by them. This also reminds me of how Hitler totally went back on his word about not invading Western Europe. Dude, stop with the whole "you're not keeping your word" finger pointing already.
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Old 03-03-07, 12:42 PM
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Originally Posted by classicman2
I hate to keep bringing this up, but this reminds me of the criticism the Repubs and conservatives leveled at Clinton & Gore for sending their children to private schools.
It reminds me of the criticisms the Dems and liberals level at Guliani for having been divorced...or Gingrich for that matter.
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Old 03-03-07, 02:50 PM
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You've got to hand it to Soros. He shorts Halliburton, gets his useful idiots to try to drive down the price by protesting and what-not then buys the shares at lower prices and makes even more money.
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Old 03-03-07, 07:46 PM
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Originally Posted by kvrdave
It reminds me of the criticisms the Dems and liberals level at Guliani for having been divorced...or Gingrich for that matter.


What's that supposed to mean?
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Old 03-03-07, 07:51 PM
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Originally Posted by bhk
You've got to hand it to Soros. He shorts Halliburton, gets his useful idiots to try to drive down the price by protesting and what-not then buys the shares at lower prices and makes even more money.
I don't know if he shorted it, but he did finance a crusade against it.

http://www.halliburtonwatch.org/news...nue_watch.html
http://www.soros.org/initiatives/men...wannc_20030520
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Old 03-04-07, 02:36 PM
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Originally Posted by X
I don't know if he shorted it, but he did finance a crusade against it.

http://www.halliburtonwatch.org/news...nue_watch.html
http://www.soros.org/initiatives/men...wannc_20030520

Heh heh heh.

Thanks.
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Old 03-04-07, 04:09 PM
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Originally Posted by Superboy
Yeah, because getting votes on principal doesn't mean having to live by them. This also reminds me of how Hitler totally went back on his word about not invading Western Europe. Dude, stop with the whole "you're not keeping your word" finger pointing already.
It took 16 posts for a Hitler reference? We really are slipping here.
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Old 03-04-07, 04:15 PM
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I've always thought socially responsible investing is a bunch of crap. Apparently Soros thinks the same way.
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Old 03-04-07, 04:26 PM
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Originally Posted by X
Gee, I dunno. Is that what I said?
You seem to be giving this non-story some level of significance such that it raises the question if it is what you meant. Tough to tell with you speaking in riddle.
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Old 03-04-07, 11:26 PM
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Originally Posted by ChiTownAbs, Inc
I've always thought socially responsible investing is a bunch of crap. Apparently Soros thinks the same way.
There are funds that invest in companies that say they are socially responsible and they do increase when the market goes up. But, if you mean that it's crap because no company is totally "socially responsible", I agree with you.

Besides, if someone invested in other funds, they usually increase more.
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