I am not into stocks at all, but I believe this is why it isn't that attractive to invest in BP: Assuming you had 100k to invest and bought when it was at its

I am not into stocks at all, but I believe this is why it isn't that attractive to invest in BP: Assuming you had 100k to invest and bought when it was at its low which is about 30 per share- That would net you 3333 shares - Then, if the stock instantly went back up to 60 and you sold after a year, you would have 200k, which you would have to pay 15% long term capital gains (federal) and 9.3% for California ) - This means your total take home under the most ideal of situations would be about 75k , not even doubling your money. Now, if it dipped into the single digits, that is another story. That is where you can invest 100k and turn it into millions.