[Rhodes22-list] Political- media bias in reporting exposed... afailure to think things thru
Robert Skinner
robert at squirrelhaven.com
Thu Jun 26 22:48:37 EDT 2008
As a stockholder in XOM, I find no fault with the
management, but wish that they had constructed a
few more refineries when the Saudis weren't driving
up the market for construction equipment.
I also note that their dividends are keeping my
Toyota RAV4 in gas and my sailboats in good repair.
/Robert
----------------------------------------------------
Brad Haslett wrote:
>
> Mike,
>
> If you're smart enough to have bought XOM and hold it long term (wish I had
> been so smart but some of my mutual funds do hold XOM) then you're smart
> enough to know that they are expected to pay dividends through 'thick and
> thin'. I'd be glad to go through their accounting statements and point out
> where your expected dividends are but (1) I hate accounting because I have a
> degree in accounting, and (2) I'm lazy.
>
> Exxon/Mobile is enjoying record profits and ballyhoo! for them profiting off
> their investments they made when oil was at $11 per barrel. As the 14th
> largest producer of oil in the world and holding only 3% or the reserves,
> they don't exactly control the market. You better hope they hoard some cash
> and invest some cash into new reserves so you can collect a dividend check
> five years from now. Of course, you could always vote with your feet and
> buy something else.
>
> Brad
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