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EnvestorFirst (< 20)

Just Because You Are Big Doesn't Mean You are the Bomb



February 09, 2012 – Comments (0) | RELATED TICKERS: XOM , CVX

There are many extremely large companies who seem to get credit as being the best. In the case of Exxon, analysts are aware that they are one of the largest, but are they the greatest? Good question! The Street explains why Exxon may not be the best.


' In downgrading Exxon to hold from buy on Tuesday, Weiss wrote of what could be a cash crunch for a company that just made over $9 billion in the fourth quarter, “If there is a shortfall, the strength of the balance sheet should allow Exxon to borrow whatever might be necessary. However, we do not expect it to generate enough cash to fund its capex budget as well as its share repurchase and dividend activity.” '


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