04-06-2020, 09:48 AM
(04-06-2020, 09:44 AM)fenders53 Wrote:(04-06-2020, 09:36 AM)stockguru Wrote: I went with a real speculative stock this morning. Bought OXY. I realize all the difficulties it will have but I see them survive. They still pay a .11 cent dividend on top of that 40 billion dollar debt lolInteresting story to watch play out for sure. I follow their drama and have never owned a share. I think a little more time will have to pass before I'll go long an oil stock again. I want to see if the oil major divs live. I have no doubt they run higher someday. It's just a flesh wound lol.
At $12 its worth a gamble. I can see this going back to $20 at some point over the next several years.
I can't yet jump in on individual equities, as I still can't value them. The E side of the P/E equation is a giant mystery right now for pretty much every company that exists.
For broader-based indexes and commodities like dollars/oil/metals, I think there is more reliable macro-economic information that helps aid in valuation.