Brett Arends calculates that the BP (BP) disaster has knocked $66B off the company's equity...

|About: BP p.l.c. (BP)|By:, SA News Editor

Brett Arends calculates that the BP (BP) disaster has knocked $66B off the company's equity value, more than its likely final cost from the spill. The stock looks cheap but it's still only for those with "nerves of absolute steel." Arends suggests betting on the options, where at least losses are capped.