Everyone is expecting a market downturn...its all over the media (sell in may etc.)...all the news is about how this market defies gravity, should be going down given soft revenues etc....you should not follow the crowd...the market is climbing the proverbial wall of worry...lots of people out of the market, missed the upswing wanna get back in...trying to convince people on the negative...pay attention price action! GL...
I said this at the beginning of the year. We are in for the perfect storm. Big business is sitting on a ton of cash but are afraid to hire (herd mentality) but as soon as they realize that all the top employees are getting picked (again herd mentality) they are going to open the flood gates for hiring. It will be like the 90s. By the end of 2014 we will see underemployment at 5%. House prices and stock market up by 50%. Do your history, Energy Stock has always been a lagging indicator both UP and Down.
This is good company and a great price.
My disclaimer - I am retired old fart with nothing better to do buy read and post on Yahoo. If you buy or sell stocks on what you read on these boards; not a good idea. If you are a pension fund manager and you are wasting your time on these board; maybe you should look for another line of work. There is a lot of numbers to crunch. Do the math, read all the companies statement and look at the history. In my book, this is a winner.