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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
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