Throughout 2009 and 2010 the company brewed up some good earnings and the stock moved higher as a result.
Its services are booming worldwide, providing revenue growth with good margins, and its stock is up 800% from the dark days of 1992.
The current controversy is a wake-up call to salvage what is good about stock options.
Citigroup (C) is a good example of a financial stock being bid up past its true value.
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Change is good, even for a company whose stock is up 42% this year.
The stock ended the week up an impressive 27% and it appears that good news is still pouring in.
Even with that kind of solid growth, however, there is a good chance that the stock may not continue to go up.
Bernie Madoff was up to no good for years but it was the falling stock market that exposed his shenanigans.
The near-term outlook isn't good, and the stock didn't deserve the run-up.
It could be a good time to sell shares of stock or funds that have gone up in value and pay the current 10% or 15% rate instead of the 20% rate that the capital gains tax is scheduled to go up to.
More often than not, when a stock goes up on a favorable earnings report, the price increase only partially reflects the good news.
With oil prices reversing early declines on growing skepticism over the ability of one Hugo Chavez to help out his good buddy over in Libya, one might have expected to see stock prices give up those big gains and take a swan dive into the close.
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