William Patalon III
William (Bill) Patalon III is the Executive Editor and Senior Research Analyst for Money Morning. Before he moved into the investment-research business in December 2005, Bill spent 22 years as a journalist, most of it covering financial news as a reporter, columnist, and editor that included stints with Gannett Co. Inc., and The Baltimore Sun.
Bill has covered finance and investing, economics, manufacturing, the defense sector, biotechnology, and telecommunications. The companies he’s covered include Eastman Kodak, Xerox, Harley-Davidson, Caterpillar, Westinghouse Electric, Verizon, MedImmune, and Black & Decker.
His most-memorable interviews include: former President Richard M. Nixon, General Electric CEO John F. “Jack” Welch, Forbes magazine publisher and former Presidential candidate Steve Forbes, and business-turnaround specialist and helicopter-industry pioneer Stanley Hiller Jr.
It was Bill’s work covering Eastman Kodak Co., during the last half of the 1990s that solidified his reputation as one of the nation’s top analytical business journalists. With his award-winning reports on Kodak’s competitive travails, he consistently scooped his competitors in the national business media. His chronicles of Kodak’s turnaround efforts took him to China, Japan, Silicon Valley, New York, Washington, D.C., and even Hollywood.
His work has appeared in Kiplinger’s personal finance magazine, USA Today, and The South China Morning Post, among other publications. A winner of approximately two-dozen journalism awards – including top honors from The Associated Press and the prestigious Society of American Business Editors and Writers (SABEW). Patalon is also the co-author of the Prentice Hall book, "Contrarian Investing: How to Buy and Sell When Others Won’t and Make Money Doing It." Before taking over Money Morning, he served as the editor of The Rebound Report, an investment newsletter focusing on turnaround stocks.
Today Bill is the creator and editor of Private Briefing. With his latest project, he takes you "behind the scenes" of his established investment news website for a closer look at the action. Members get all the expert analysis and exclusive scoops he can't publish… and some of the most valuable picks that turn up in Bill's closed-door sessions with editors and experts.
Bill has a BA in Print Journalism from Penn State University, and an MBA in finance from the Rochester Institute of Technology.
William'S LATEST HEADLINES
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The Truth About That $20 Billion Boeing "Lost" When Trump Pulled Out of the Iran Deal
From the very first episode, I've dug "Mythbusters," the popular Discovery Channel TV series in which special-effects wizards Adam Savage and Jamie Hyneman used the scientific method to prove or "bust" urban legends, myths, rumors, movie scenes, and even current news stories.
Well, there's another sequence of myths making the rounds right now about one of the best stocks you can buy.
So, tongue firmly in cheek, I thought it might be instructive (and fun) for us try our hand at mythbusting, with me as the "host."
So here is the myth, broadly stated…
"Boeing will lose as much as $20 billion in aircraft deals as Trump pulls the United States out of the Iran nuclear pact… and that loss will clobber Boeing."
While I'm having fun "hosting" this "episode," I'm dead serious about a critical examination of these media claims to determine whether they're factual reporting… or yet another cluster of "media myths" aimed at The Boeing Co.
There are three key reasons why this is so important:
Boeing is a longtime Private Briefing favorite and a dynamite outperformer, too. This stock has zoomed as much as 500% since I first recommended it to my subscribers at about $62 back in September 2011. Even after a pullback (before the Iran news broke), the stock is still at $344, a 455% gain – not including dividends.
I've seen these types of scare headlines before – directed at Boeing by journalists who are going for the drama of the disaster du jour, though they clearly don't "get it" in terms of what's really going on. And with each of these – the "Boeing Dreamliner Scare," for instance, and again more recently, with the Southwest Air Flight 1380 incident – those media folks were flat-out wrong.
And most important of all, we believe Boeing continues to be a great long-term growth play – which is why it's on Private Briefing's "Super 10" list of stocks to accumulate when prices go down.
With massive potential future gains on the line, let's investigate whether all the assertions of "catastrophic damage" to Boeing's top-line prospects hold water or not... - Why We Were Expecting Boeing's "Upside Surprise"
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