.... from $2.64/share to $2.58/share.
Never mind.
I've told this story many, many times. I bought my first position in Texaco -- before it was CVX -- when it declared bankruptcy. And have never looked back.
It pays 3% and has a p/e of 7.7.
I remember when I first started investing thirty years ago: I was told to look for $6 stocks paying 6 percent with a p/e of 6. No joke. I guess that's why I missed AAPL when it was selling for $20, had no p/e, and was paying no dividend.
Everything's relative.
CVX paying 3 percent. What's your favorite money market account paying?
Be advised of disclaimer at the sidebar on the right. This is not an investment site. This is a friendly discussion among friends.
By the way, the state's Legacy Fund -- oil money -- will not be invested in the stock market, and will earn less than one percent.
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