Monday, February 5, 2018

XOM I will add on weakness

Exxon Mobil has gotten slammed on every level.  I added XOM to the 2018 portfolio (see table below) at $86.78.   Today XOM is trading in the $82 range.   A 10% correction would mean a stock price of $78.10.    If XOM does trade down that low, I will most likely add.

To some, it may seem I am trying to catch a falling knife.  Yet, I still believe XOM has the ability to their business around and just have not had quite enough time to see it on the bottom line.   I like the yield and I am one very patient investor.   This is not the first stock I bought that sunk after I got in only to rebound significantly.

On the other hand, I also have picked some real stinkers and XOM could be one of the those.  I will give it a few years, yes a few years to get improve.  If after that it is still dead money, I will re - evaluate for my own portfolio.  However, in my published portfolios, I am long only.

M* MoneyMadam
Disclosure:  Long XOM and T