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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (45935)1/26/2012 11:50:39 AM
From: Paul Senior  Read Replies (1) of 78699
 
HES. Hess dropping now, and I'll take more shares as it falls.

I like the low p/stated bv, that growing bv, low forward p/e. Roe not so good though.

Today: "Hess downgraded at Deutsche from Buy to Hold, Deutsche Bank said. $62 price target. Company has a very aggressive spending program in 2012." (stock now at $55.73 - $1.58)

The stock has a puny $.10 quarterly dividend that it's kept for more than a decade. Perhaps Mr. Hess, the apparent controlling shareholder, doesn't want more. In this time of low interest, if this big company isn't going to pay a decent dividend, then for me, I welcome welcome an "aggressive spending program". Company is involved in many countries. I like that diversification.

finance.yahoo.com
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