Clearly Sarah Palin, failed Washington aspirations and all, still has her supporters. They like her political positions on abortion, taxes, and gun control (limiting the control that is), to name a few. It just shows how many of us will ignore continuing inappropriate behavior if need be, as long as the end justifies the means.
Now that our political leaders have morphed into celebrities like never before -- doing commercials, late night television, radio, musical and comedic cameos and the like -- it looks like the Sarah Palin show can legitimately be accused of "jumping the shark!" ... and then some.
Palin, albeit on an intermittent basis, has created her "reality TV show," entertaining the nation without the networks having to pay a dime, and they are eating it up.
Palin has admitted considering an abortion, but "just for a fleeting moment." Recently she got into a tiff with her ex-future son-in-law (to coin an unusual term if there ever was one), Levi Johnston, about safe sex and having sex in the Palin home under mom's nose.
Given recent semi-news worthy bantering, Palin's credibility and imagined 2012 presidential aspirations are now in free-fall, spinning out of control ... or are they?
|Yes -- she's done||529 (68.5%)|
|No -- she is still a viable 2012 candidate||243 (31.5%)|
Are there Sarah Palin Stocks? Perhaps, we would be thinking defense, like Northrop Grumman (NYSE: NOC), which closed Friday at $47.81. The stock pays a 3.7% yield, which looks dependable over the long run based on a significant backlog of contracts, a low P/B of 1.24, and P/S at 0.44. Maybe a "soccer mom" stock like Nike Inc. (NYSE: NKE), which closed Friday at $54.61, paying about a 2% yield, would be appropriate. It also has low debt, high margins, and great cash flow.
Giving it additional thought, both of these companies have been doing great the past few months without Palin. And if she continues her very public soap opera life, any association with her may bring diminishing returns.
Sheldon Liber is the CEO of a small private investment company and the principal for design and research at an architecture and planning firm. He writes the columns Chasing Value and Serious Money. Disclosure: I do not own shares of NOC or NKE.