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re: The Only stock to buy now...

Posted on 3/11/20 at 6:27 pm to
Posted by buckeye_vol
Member since Jul 2014
35242 posts
Posted on 3/11/20 at 6:27 pm to
quote:

and $102 in May of 2014.
What does the price nearly 6 years ago have to do with the discussion about the price:
quote:

It was at $100 a few months ago.
In addition, regardless of how good of a company it is, whether compared to its own sector or overall, like the rest of the energy sector, it’s struggled throughout the 2010s, despite a historical bull run.

In fact, during those 10 years, even reinvesting dividends, Exxon had a lower annualized growth (3.54%), than total bond fund (3.58%), while the S&P500 grew by 13.4% annually.

And now when the overall market is struggling mightily, due to a virus that is already having a major, material impact on travel (which relies heavily on (O&G), and just days after Russia and Saudi Arabia started an outright oil war, by purposely flooding the market with supply to see who can outlast the other, resulting in a poor outlook for O&G companies (already slashing CAPEX; bankruptcies for the high debt companies), THE ONE STOCK YOU’RE recommending is an O&G company that couldn’t even beat the historically poor performance of the bond market when the stock market was smoking?
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