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Today I added 107.2 RShares of BP to my portfolio @ $47.09 per share. I'm struggling to find stocks I believe are undervalued right now, but the stigma of this company has kept it artificially low. Yes there are risks, but I'll accept those risks gladly if it comes with a PE ratio of 6.3 and 4.65% yield.
This purchase contributes to shoring up my core stocks. As you will see when I publish my current portfolio this week, I am over hedged currently, when the market goes up, I'm mostly flat, when the market goes down, I'm mostly flat.
This purchase contributes to shoring up my core stocks. As you will see when I publish my current portfolio this week, I am over hedged currently, when the market goes up, I'm mostly flat, when the market goes down, I'm mostly flat.
Just some free suggestions. You might want to consider actual and expected growth and profitability. It appears as if BP's earnings are declining and Morningstar gives them a D for profitability. Their forward PE ratio according to Morningstar is 16.8. Yield is nice but total return should be an investors most important consideration. Zacks.com is a good site to evaluate expectations. They rate BP as a 4 which means based on analyst estimates, BP is likely to announce a negative earnings surprise next quarter. Earning surprise both positive and negative have often sparked large advances and declines. Food for thought. Have a great day!
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