EDITOR OF REDSTATE
Ener1 and Barack Obama: If You Own Masterlock Stock, Sell
In 2010, Barack Obama touted Solyndra’s solar panels in his State of the Union speech. We know what happened to Solyndra.
In this week’s State of the Union, Barack Obama touted Ener1′s electric car batteries. Today, Ener1 filed for Chapter 11 bankruptcy.
Also in Barack Obama’s State of the Union this week, he touted Masterlock and the high productivity of its unionized workforce.
Given the odds, if you own stock in Masterlock, you might want to sell.