09-01-2017, 08:01 AM
(08-31-2017, 10:44 PM)EricL Wrote: GE is projected for 5% growth in 2017 and then 10% and 11% the next two years, that looks pretty appealing to me with a 4% yield.
As for oil, I like OXY and CVX at 5.16% and 4% yields.
Both have huge acreage positions in the Permian, and CVX is on the tail end of some big capex projects that will start providing cash flows.
I already own CVX but it needs to come down more before I add to it. But that is my favorite name in the sector Eric. XOM you put in that discussion as well. OXY a nice name as well. All very nice yields. You buying the name here?
GE is a great buy if your only buying for the yield, that is if they can sustain it. I just don't see much upside in the name over the next 1-2 years. GE with all the layoffs; word now is the new CEO may cut the dividend. Dividend news next week. Also Buffet sold out. But if the new CEO can make the necessary changes and they can hit those numbers then 2019 your looking at a PE of 14.79. In 5 years you have made $0 money in the stock price. $400 or so in dividends for your 100 shares. Next 5 years you predict Eric?