Tuesday, August 25, 2015

Chevron CVX Like it at $120 like it at $69

Who would have ever thought that Chevron would actually trade at $69.  In December CVX took a bit of a swoon.  I wrote the post linked below because I thought income investors were hoping for more of a discount and they should feel comfortable in that effort.   It reminds me of Alfred when he shops for clothes... 70% off is what he seeks but it has to be the best.

I think it will happen.   I will buy Chevron at $69.  Is the dividend safe?  Well you can only go on history:  very good; percent of earnings paid out in dividends; pretty good; debt to equity ratio; very good.   I will take my chances.  

Chevron like it at $120 like it at $69