Post by
CrazyTrader on Nov 11, 2024 7:49am
traderlong2, I'm long on PXT for the following reasons.
1) PXT has been PROFITABLE for several years, including in 2020, and looks to continue to be profitable.
2) P/E ratio CRAZY Stupid Low, sending sustainable dividend yield crazy high.
3) Virtually NO DEBT and Total Liabilities to Equity is small.
4) Company seems to be treating not only shareholder right but the community as well.
5) Normally Book Value and Buybacks are not a reason for buying a stock for me, but it makes it on the list this time because the situation here is JUST CRAZY.
6) Have a good GUT feeling about PXT.
Only concern is Oil price, if it crashes for extended period of time.