Post by
newcoin on Aug 26, 2016 9:42am
What's Going On Here?
S/P is down from $7.50 to $6.50 in the last 30 days. Was there a big disappointment with 2016 Guidance and Budget?
Comment by
jerrybe on Aug 26, 2016 10:02am
There was somewhat (slightly higher costs for the quarter) but I would really view this as a strong buying opportunity. This firm is a cash cow, even at these prices. The dividend is safe, yielding 6%. That is nice by any standard. They have perfected their operations and now are trying to expand the zone for which they can apply their EOR techniques. The future is bright for GXO.