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
