[Rhodes22-list] Political- media bias in reporting exposed... afailure to think things thru

[Robert Skinner]

As a stockholder in XOM, I find no fault with the 
management, but wish that they had constructed a 
few more refineries when the Saudis weren't driving 
up the market for construction equipment.  

I also note that their dividends are keeping my 
Toyota RAV4 in gas and my sailboats in good repair.

/Robert
----------------------------------------------------
Brad Haslett wrote:
> 
> Mike,
> 
> If you're smart enough to have bought XOM and hold it long term (wish I had
> been so smart but some of my mutual funds do hold XOM) then you're smart
> enough to know that they are expected to pay dividends through 'thick and
> thin'.  I'd be glad to go through their accounting statements and point out
> where your expected dividends are but (1) I hate accounting because I have a
> degree in accounting, and (2) I'm lazy.
> 
> Exxon/Mobile is enjoying record profits and ballyhoo! for them profiting off
> their investments they made when oil was at $11 per barrel.  As the 14th
> largest producer of oil in the world and holding only 3% or the reserves,
> they don't exactly control the market.  You better hope they hoard some cash
> and invest some cash into new reserves so you can collect a dividend check
> five years from now.  Of course, you could always vote with your feet and
> buy something else.
> 
> Brad