October 07, 2010
– Comments (6) |
RELATED TICKERS: GE
My thoughts on the matter. Please add any respectful feedback to the Comments section on the article page.
yes many good quality stocks are cheap.
XOM ratios replacements are too low for my safety and it would not be worth my risk to own
That's certainly something worth considering in evaluating Exxon Mobil (NYSE: XOM). Thanks for the comment!
Thanks for sharing.
I remember in 2004-ish, I was sitting in a Merrill Lynch office, and the broker was trying to unload GE on me in the 50s (I believe). Somewhere in that range anyway. I've always personally felt that GE has too many shares outstanding and can't really grow much more than the leaps it has taken since the 60s. Instead I went with SNP in the 20s (with the McDonald's exposure coming online), and boy was I ever happy I made that move. However, I still believe GE is inexpensive compared to those prices, but for some reason, I have never been a fan. Out of the 3, I like the BRK-B shares the best, and would prefer a PBR over XOM at current levels, JMHO.
In truth, I'm not a huge fan of General Electric (NYSE: GE) myself: Too big and too complicated. Thanks for the comment!
You know, if Buffett had a disclosure policy, here's how it would look.
"Buffett: Stocks Are Cheap."
"Mr Buffett has 99+% of his $50 billion net worth invested in equity securities. He doesn't really feel this influences his public statements or opinions, though."
Do you mean this as a serious comment or a joke?