The Motley Fool Discussion Boards	Previous Page
Social Clubs / Nostalgia for Infinity
URL: https://boards.fool.com/if-you-want-to-see-what-a-port-of-doom-really-34861623.aspx
Subject: Re: The Port of Doom...	Date: 6/25/2021 8:57 PM
Author: Oforfive	Number: 125 of 304
If you want to see what a Port of Doom really looks like (and the opportunity that comes with it), check out this OKE chart. https://www.nasdaq.com/market-activity/stocks/oke This is a weekly chart so it masks the real horror/opportunity. It traded as low as $14 and was between there and $16 for a couple of days. One director or VP bought a ton which gave me some encouragement. Dividend is $3.74 a year. How about 26% on invested capital for... life. I bought some but I was badly burned in 2016 by chasing yield. So I had this internal battle whether this snapping up value or making super-stretch for yield. So a triple and still getting just under 7% on current value. My, my, my. BTW, what happened is that this was at the beginning of COVID and then the Saudi's and Ruskies had a game of chicken in progress over holding oil production. This could have gone in the regrets thread.... Should be a gorgeous weekend. Enjoy! KC
Copyright 1996-2022 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us