Exxon Mobil just missed setting a company -- and world -- record for annual profit in 2012, and its down this morning?? I thought this would be good news. So XOM beats estimates, and turns red the next day; NFLX beats estimates, and shoots up from $99 to $172? What am I missing here?
XOM treats their shareholders like garbage so there's no point owning it. The skimpy dividend and lack of growth make other investments much more profitable. You could put your money in a bond or CD for all XOM returns to you. They haven't made an all-time-high stock price since sometime around October 2007.