Thursday, November 22, 2007

Bloomberg Hits The Books: Is He Preparing For Prime Time?

Sam Stein, a recent Huffington Post hire and fellow graduate of the venerable Tom Edsall school of political analysis, is reporting that Bloomberg is cramming on foreign policy in advance of a potential presidential bid. If true, the news certainly seems like solid evidence that Bloomberg is still flirting with a bid - at least the most intriguing speculation since Newsweek editor Jon Meacham profiled the coy possible candidate in a recent cover story and announced that Bloomberg's chief strategist thinks his boss would blow a billion bucks on the campaign.

The Bottom Line: Bloomberg's stock, which has been trading for weeks around 14, is likely to spike as more details emerge and further rumors become rampant. It's time to make the billionaire's fortune work for you. Politickr continues to doubt that the NYC mayor would seriously consider running against Hillary and Rudy in a three-way New York race for the White House. If, however, Rudy falters in the early primaries, bet big on Bloomberg. Either way, it's time to stock up on shares in the business mogul and realize some short term gains.

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