Analyzing Credit Acceptance Corp.

Dear Mr. Berko: My elder sister, who never married and who worked for a large automobile dealer in Detroit, passed away last year, and her estate was finally settled. My remaining sister and I were the sole inheritors of a huge portfolio of 16 stocks, valued at $732,000. All the stocks are well-known blue chips…

Owens & Minor Looks Good

Dear Mr. Berko: What is your opinion of Owens & Minor, which is in the medical supply business? I have $9,600 in cash sitting in my individual retirement account, and my dopey stockbroker, who has never been right in 12 years, recommends 400 shares. Please advise ASAP. — BC, Oklahoma City Dear BC: Oftentimes customers…

Don't Lower the Bar

Don't Lower the Bar

Dear Mr. Berko: California wants to lower the minimum score needed to pass the bar exam. Passing scores on the ACT and the SAT have been lowered. Dayton, Ohio, lowered its requirements for the police exam. Colleges give courses online. States let applicants take physician licensing exams in Spanish. Banks make auto and home loans…

Teaching the Art of Begging

Teaching the Art of Begging

Dear Readers: Through the years, people I don’t know — probably nice and sincere people — have asked me for money. They’ve asked for money to buy a used car, to invest in a patent, to buy two water scooters, to move to Australia, to purchase a red Corvette, to fix a roof and to…

B&G: Buy and Grow

B&G: Buy and Grow

Dear Mr. Berko: Please tell me what you can about B&G Foods — its products, management and financials. I may buy 200 shares for my individual retirement account because my stockbroker insists it will double in price, from $37 to the $70s, by next summer. Even if it doesn’t double, I like the stock because…

Is a 30,000 Dow Possible?

Is a 30,000 Dow Possible?

Dear Mr. Berko: Last February, you said the Dow Jones industrial average could pass 30,000 in 10 years. Considering the possibility of higher interest rates, dangerous international situations — Brexit, Catalonia, the Kurds, North Korea, global warming, the Middle East, Afghanistan, the economic failure of Puerto Rico, Venezuela, Brazil and Argentina — the huge costs…