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Strategies & Market Trends : Turnarund Investing -- Ignore unavailable to you. Want to Upgrade?


To: bankbuyer who wrote (1343)5/20/2012 7:25:39 PM
From: Covenant  Respond to of 1876
 
Don't know. But MRO didn't take off until the hedge funds left. XOM, CVX, and COP were all around the same price a few years ago. CVX and XOM outpaced COP since then. For whatever reason, the market assigned lower multiples to COP. MRO also suffered from low relative multiples. Your bet is that multiples converge.