Just looked, THAT'S A P/E OF 28 (TWENTY EIGHT) ! Q1 2015 est is .74 SEVENTY FOUR CENTS down from $1.81 This is a trainwreck
I sold some at 78 and some at 74, I only had 300 shares. I fear analists downgrades and anyone thinking it's a p/e of 8 is wrong, dead wrong b/c nobody knows what the "E" is now.
P/E on S&P is 140 without legal accounting gimmicks. Small Cap Russell (IWM) is a fraud p/e as stated on I-Shares that they drop any p/e over 60 and mark to 60, no extraordinary charges are included, at least 10 holdings in IWM have p/e of 1000 (one thousand). RUSSELL real p/e is at least 40! Price-to-sales (P/S) for S&P is AT ALL TIME HIGHS because of the issuing of junk bond debt to buy back stock. Good luck, suckers.
all you "investors" think buying at 85 and hoping to get "even" is a good investment, these are the pathetic "Road Kill" the insiders on Wall St call you, they depend on your ignorance, and dividend bait is now what they are feeding off of.
My guess is the big institutions that own COP are PAINTING THE TAPE for end of year holdings, and they are in bed with analists told/agreed not to downgrade b4 end of year. S&P said a prolonged (3 yrs) low oil price would put pressure on the out-sized (+1% more) dividend relative to the industry. If you think the dividend is safe why not buy BP with both hands? It's even higher.
zerohedge has 2 good posts on oil/derivatives/energy high-yield debt spread blowout worth reading this am fyi
Like Cramer said, estimates have to come down 20-30% (plus tax-loss selling yearend) I'd like to buy MLPs but waiting for tax-loss selling, also there's the issue of frauckers junk debt going bellyup, so pipelines not safe either, at this point for income stream. Why chance a 4.5% COP yield instead of MLP at 6-7%? if rolling the dice.
So many foolarses here I lost count /unless 5% yield you are in pain every open price, dumbarses abound!
cut exploration to pay exorbitant dividend and do buybacks, great strategy! This is now radioactive.
falling HATCHET (lose entire hand) Give thanks this holiday season to Motley Fool pumping this turd, joke's on you. hahahaaaa
YOU are4 the lure for hedgefunds, YOU think a drop of $20/share is "ok" because YOU (moron) think in your lifetime a 4.3% payback will compensate you for a $20 loss/per share, too funny for more words, Da Boyz on The Street refer to you as "RoadKill"
"... listening to The John Batchelor Show one night about a week or so again. He is on the radio and can be found online. Incredibly well versed on many international topics and world history. I highly recommend you tune in to him when you have a chance.
In any event, he had three guests (from China) on and the discussion was surrounding a massive fraud at Alibaba. The story goes something like this. Alibaba is a marketplace and they collect a fee on each purchase from merchandisers that operate via their website. Alibaba understands net profits and margins are of little concern to Wall Street, but growth in revenues and now we are talking. Many multiples for "growth" in a global economy that is barely creeping along. So, Alibaba hires a network of thousands to simply buy and return products all day. If Alibaba held inventory this fraud would be somewhat more difficult to pull off, but with thousands of businesses connected to Alibaba it is very easy to hide the costs of labor and returns in underlying (most likely very closely held) companies. Afterall, billions of $'s in stock price appreciation will pay a lot of people to sit on a computer all day and buy and return stuff on their website.
This is massive securities fraud and according to the guests, the scheme is "well known" in China. Besides the financial statement fraud, one would have to wonder what type of due diligence was done by the investment bankers that brought Alibaba to market?
I don't know about you, but I think this could be a watershed Enron-like, Madoff-like story."
Da Boyz return from Hamptons next week and end of month is gone to prop, they will dump like no tomorrow watch