I'm sorry, boys. Put the Duke brothers' seats on the exchange up for sale at once. Seize all assets of Duke & Duke Commodity Brokers, as well as all personal holdingsof Randolph and Mortimer Duke.
We're ruined!
Ah yes, panic has hit the street. I've certainly lost a large sum in my 401k over the past year. So it goes. I'll just have to cancel the order for the Bentley, dump a mistress or two and maybe sell the home in St Tropez.
ExxonMobil closed at 68. It was in the 80s and 90s over the past year. ExxonMobil is sitting on 40 billion dollars in cash. That's about 8 dollars a share. The dividend is 1.60 per year. About 15% of the stock has been bought back over the past few years, increasing earnings per share. And earnings have been good, as can be seen by all the politicians taking pot shots at the company. I guess a US company that is well run is pretty odd these days.
It is a good buy. I put in my buy order.
Wish I had more cash lying around to buy some other stocks that have been hammered for no reason other than they are a stock.
While the market crashed, I was at Masters swimming for 2000 yards.
Subscribe to:
Post Comments (Atom)
3 comments:
Our advisor said they stock market is having a sale, just like WalMart or Sears, and now is the time to buy, buy, buy. Wish I had some idle cashing lying about, but it's all tied up in ExxonMobil stock.
Buy and hold, buy and hold, buy and hold.
Thanks for the stock tip Joe. Your blog should be renamed to cross-train the runner/financial advisor.
You're right. Now is the time to spend some on solid companies for bargain prices.
Excellent Trading Places reference. I miss Don Ameche.
Post a Comment