Dividend Growth Forum
What Did You Buy Today? - Printable Version

+- Dividend Growth Forum (http://DividendGrowthForum.com)
+-- Forum: Dividend Growth Investing (http://DividendGrowthForum.com/forumdisplay.php?fid=15)
+--- Forum: Dividend Growth Investing (http://DividendGrowthForum.com/forumdisplay.php?fid=33)
+--- Thread: What Did You Buy Today? (/showthread.php?tid=699)

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767


RE: What Did You Buy Today? - divmenow - 06-16-2021

(06-16-2021, 10:34 AM)ken-do-nim Wrote:
(02-25-2021, 10:25 AM)fenders53 Wrote:
(02-25-2021, 10:00 AM)divmenow Wrote: Bought some LDOS. Between the earnings miss and short report I haven’t seen it this low in a while. So I said why not lol. You in on this one too Fenders ?
I haven't researched it.  Hadn't heard of it until you and Otter were discussing it last week.  I am trying to not add too many more new names.  We'll see how long that lasts.  Smile

What I need is for tech to get hammered for real again, but this market is resilient.

Very small trades this morning.  Added a few shares to DG-ARKF  Sold a few SLV puts.

(06-16-2021, 10:29 AM)divmenow Wrote: New position in LYB

Fits my theme. Nice 4% dividend and PE under 20

Go for it!  Otter scared me out of it  Big Grin

Well You should be scared right back into it. It's one of the few companies undervalued. They made $3.18 last quarter and will make $4.75 next year in earnings and are the fastest growing materials stock . Not many can say that. And on top of that the raised dividend by 7.6% 

$150 and it would still be undervalued  Big Grin


RE: What Did You Buy Today? - divmenow - 06-16-2021

(06-16-2021, 10:45 AM)Otter Wrote:
(06-16-2021, 10:29 AM)brought divmenow Wrote: New position in LYB

Fits my theme. Nice 4% dividend and PE under 20

LYB is in a strange spot right now, enjoying the increased pricing for its olefin/polyolefin products that make up more than half its revenues (brought on by global re-opening and supply chain disruptions), but is also pressured by the rapidly increasing costs of its input (crude oil), and may be facing long term pressure for its major revenue source, as many governments around the world seek to reduce the amount of plastic packaging/pollution. 

Its average P/E ratio over 10 years is 9.85. So on a TTM basis it is 56% above its average P/E, and using FAST Graphs' blended P/E of 11 (incorporates future earnings estimates), it is 11.6% above its average P/E.

Prior to listing under its current ticker and raising its dividend for 11 consecutive years, Lyondell declared bankruptcy and wiped out all of its shareholders. It operates in an extremely low-margin business that can easily be disrupted by spikes in the price of crude, competitive pressure from foreign entities not subject to equivalent environmental/workplace regulations, and any substantial change to demand for its products. Bought some shares in the $60-70 range last year, and sold a bit over $100 a few months back. IME, companies like this always seem to crater right after releasing glowing quarterly reports about record profits and profit expectations (got burned by AA and FCX this way years back). Commodities and basic materials are rough.
 You can throw all that out. They got hurt pre-pandemic and their plastic material business in on fire. They are just at the beginning.  Bankruptcy in 2009 was a long time ago. There are 100's of same like companies that went through that and are trading at new highs. Just because they had issues in the past doesn't mean the future isn't bright. 

There total debt right now is 0.23%. Very low. So the probably of them going bankrupt again is very unlikely. In fact CAT carries a higher debt and bankrupt probability at 39%


LYB posted profits of $1,070 million or $3.18 per share in first-quarter 2021, up from $144 million or 42 cents in the year-ago quarter. Earnings per share topped the Zacks Consensus Estimate of $2.65.
Revenues increased 21.2% year over year to $9,082 million in the reported quarter. However, the figure missed the consensus mark of $9,328.5 million. Consolidated EBITDA for the quarter more than doubled year over year to $1,585 million.


RE: What Did You Buy Today? - divmenow - 06-16-2021

(06-16-2021, 10:45 AM)Otter Wrote:
(06-16-2021, 10:29 AM)brought divmenow Wrote: New position in LYB

Fits my theme. Nice 4% dividend and PE under 20

LYB is in a strange spot right now, enjoying the increased pricing for its olefin/polyolefin products that make up more than half its revenues (brought on by global re-opening and supply chain disruptions), but is also pressured by the rapidly increasing costs of its input (crude oil), and may be facing long term pressure for its major revenue source, as many governments around the world seek to reduce the amount of plastic packaging/pollution. 

Its average P/E ratio over 10 years is 9.85. So on a TTM basis it is 56% above its average P/E, and using FAST Graphs' blended P/E of 11 (incorporates future earnings estimates), it is 11.6% above its average P/E.

Prior to listing under its current ticker and raising its dividend for 11 consecutive years, Lyondell declared bankruptcy and wiped out all of its shareholders. It operates in an extremely low-margin business that can easily be disrupted by spikes in the price of crude, competitive pressure from foreign entities not subject to equivalent environmental/workplace regulations, and any substantial change to demand for its products. Bought some shares in the $60-70 range last year, and sold a bit over $100 a few months back. IME, companies like this always seem to crater right after releasing glowing quarterly reports about record profits and profit expectations (got burned by AA and FCX this way years back). Commodities and basic materials are rough.

You should have stayed in AA and FCX. You would have a hell of a profit on those stocks right now  Big Grin

AA - $10 to $36
FCX $10 to $37

And both have pulled back from the highs. CLF can be added to that list as well. These companies have some of the best growth rates right now. But me personally wont buy those names because of the non dividends.


RE: What Did You Buy Today? - kblake - 06-16-2021

I like LYB as well. I get the Steven Cohen report and he bought a crap load of shares this quarter. It's his top stock pick for 2021

Today added some HD, MO, BMY, MMC, LYB, and MPC

Sold MMM, UAL and LLY


RE: What Did You Buy Today? - Otter - 06-16-2021

(06-16-2021, 10:55 AM)divmenow Wrote:
(06-16-2021, 10:45 AM)Otter Wrote:
(06-16-2021, 10:29 AM)brought divmenow Wrote: New position in LYB

Fits my theme. Nice 4% dividend and PE under 20

LYB is in a strange spot right now, enjoying the increased pricing for its olefin/polyolefin products that make up more than half its revenues (brought on by global re-opening and supply chain disruptions), but is also pressured by the rapidly increasing costs of its input (crude oil), and may be facing long term pressure for its major revenue source, as many governments around the world seek to reduce the amount of plastic packaging/pollution. 

Its average P/E ratio over 10 years is 9.85. So on a TTM basis it is 56% above its average P/E, and using FAST Graphs' blended P/E of 11 (incorporates future earnings estimates), it is 11.6% above its average P/E.

Prior to listing under its current ticker and raising its dividend for 11 consecutive years, Lyondell declared bankruptcy and wiped out all of its shareholders. It operates in an extremely low-margin business that can easily be disrupted by spikes in the price of crude, competitive pressure from foreign entities not subject to equivalent environmental/workplace regulations, and any substantial change to demand for its products. Bought some shares in the $60-70 range last year, and sold a bit over $100 a few months back. IME, companies like this always seem to crater right after releasing glowing quarterly reports about record profits and profit expectations (got burned by AA and FCX this way years back). Commodities and basic materials are rough.
 You can throw all that out. They got hurt pre-pandemic and their plastic material business in on fire. They are just at the beginning.  Bankruptcy in 2009 was a long time ago. There are 100's of same like companies that went through that and are trading at new highs. Just because they had issues in the past doesn't mean the future isn't bright. 

There total debt right now is 0.23%. Very low. So the probably of them going bankrupt again is very unlikely. In fact CAT carries a higher debt and bankrupt probability at 39%


LYB posted profits of $1,070 million or $3.18 per share in first-quarter 2021, up from $144 million or 42 cents in the year-ago quarter. Earnings per share topped the Zacks Consensus Estimate of $2.65.
Revenues increased 21.2% year over year to $9,082 million in the reported quarter. However, the figure missed the consensus mark of $9,328.5 million. Consolidated EBITDA for the quarter more than doubled year over year to $1,585 million.

Their last bankruptcy in 2009 coincided with the last major oil price spike, and high debt loads. FWIW, FAST Graphs gives a debt ratio of 58%, and their S&P Credit Rating is BBB- (just one step above junk). The last time I dabbled in FCX, I have fond memories of buying in around $35, as all the articles were glowing and predicting a share price rally to $70 or more, and continuing dividend increases, then watching the share price crater to the single-digit to teens for five years, while the dividend got eliminated.

The boom-bust cycle of companies like LYB is familiar to anyone who has spent any appreciable period of time living and working in Houston. LinkedIn Profiles for employees of refining/plastics companies typically have interruptions that coincide with crude oil spikes, and then when crude craters, everyone working for the E&P companies gets fired as they go under or batten down the hatches.


RE: What Did You Buy Today? - Otter - 06-16-2021

Down years for crude oil were great in Houston if you weren't in the industry or looking to sell your home. You could typically successfully challenge your appraisal value for property taxes, as property values/comps there were more strongly correlated to what the price of oil was doing than the housing market nationally.

Edited to add - also, great value on repossessed used trucks within about a year after crude went through one of its peak-to-trough phases.


RE: What Did You Buy Today? - fenders53 - 06-16-2021

(06-16-2021, 09:45 AM)stockguru Wrote: Added some HD and SHW

What's with all the pant shortage. The SHW stores in my area are temp closed because they have no inventory on paint. Same issue at HD lol
Sounds localized but I haven't worked for about 4 days.  Our HD Covid paint boom ended some time ago but the local painters seem busy enough and already booked for this outdoor season.


RE: What Did You Buy Today? - fenders53 - 06-16-2021

[quote pid='26788' dateline='1623859546']
(06-16-2021, 10:55 AM)divmenow Wrote:
(06-16-2021, 10:45 AM)Otter Wrote:
(06-16-2021, 10:29 AM)brought divmenow Wrote: New position in LYB

Fits my theme. Nice 4% dividend and PE under 20

LYB is in a strange spot right now, enjoying the increased pricing for its olefin/polyolefin products that make up more than half its revenues (brought on by global re-opening and supply chain disruptions), but is also pressured by the rapidly increasing costs of its input (crude oil), and may be facing long term pressure for its major revenue source, as many governments around the world seek to reduce the amount of plastic packaging/pollution. 

Its average P/E ratio over 10 years is 9.85. So on a TTM basis it is 56% above its average P/E, and using FAST Graphs' blended P/E of 11 (incorporates future earnings estimates), it is 11.6% above its average P/E.

Prior to listing under its current ticker and raising its dividend for 11 consecutive years, Lyondell declared bankruptcy and wiped out all of its shareholders. It operates in an extremely low-margin business that can easily be disrupted by spikes in the price of crude, competitive pressure from foreign entities not subject to equivalent environmental/workplace regulations, and any substantial change to demand for its products. Bought some shares in the $60-70 range last year, and sold a bit over $100 a few months back. IME, companies like this always seem to crater right after releasing glowing quarterly reports about record profits and profit expectations (got burned by AA and FCX this way years back). Commodities and basic materials are rough.
 You can throw all that out. They got hurt pre-pandemic and their plastic material business in on fire. They are just at the beginning.  Bankruptcy in 2009 was a long time ago. There are 100's of same like companies that went through that and are trading at new highs. Just because they had issues in the past doesn't mean the future isn't bright. 

There total debt right now is 0.23%. Very low. So the probably of them going bankrupt again is very unlikely. In fact CAT carries a higher debt and bankrupt probability at 39%


LYB posted profits of $1,070 million or $3.18 per share in first-quarter 2021, up from $144 million or 42 cents in the year-ago quarter. Earnings per share topped the Zacks Consensus Estimate of $2.65.
Revenues increased 21.2% year over year to $9,082 million in the reported quarter. However, the figure missed the consensus mark of $9,328.5 million. Consolidated EBITDA for the quarter more than doubled year over year to $1,585 million.

Their last bankruptcy in 2009 coincided with the last major oil price spike, and high debt loads. FWIW, FAST Graphs gives a debt ratio of 58%, and their S&P Credit Rating is BBB- (just one step above junk). The last time I dabbled in FCX, I have fond memories of buying in around $35, as all the articles were glowing and predicting a share price rally to $70 or more, and continuing dividend increases, then watching the share price crater to the single-digit to teens for five years, while the dividend got eliminated.

The boom-bust cycle of companies like LYB is familiar to anyone who has spent any appreciable period of time living and working in Houston. LinkedIn Profiles for employees of refining/plastics companies typically have interruptions that coincide with crude oil spikes, and then when crude craters, everyone working for the E&P companies gets fired as they go under or batten down the hatches.
[/quote]
Most people manage to lose money in commodity based stocks eventually.  You have to follow the commodity and not chase too close to the end of the cycle.  You have to know when to bail with a small loss and not get deer in the headlights hope mode.  They just aren't buy and hold stocks.  Averaging down is usually a bad call you make years too early.  You can wait 5+ years hoping to get back to even.  Not to mention they BK more often than about any other industry.  You really do need to buy them when they are hated but missing the bottom by years is easy.  Lumber is the one to watch now and learn.  Futures are down 1/3 from peak.  I don't think it is going to crash  but I was not about to hold my WY too long.  I caught the bottom and I did miss the top, but it quickly fell back to my sell price.


RE: What Did You Buy Today? - kblake - 06-16-2021

(06-16-2021, 11:48 AM)fenders53 Wrote: [quote pid='26788' dateline='1623859546']
(06-16-2021, 10:55 AM)divmenow Wrote:
(06-16-2021, 10:45 AM)Otter Wrote:
(06-16-2021, 10:29 AM)brought divmenow Wrote: New position in LYB

Fits my theme. Nice 4% dividend and PE under 20

LYB is in a strange spot right now, enjoying the increased pricing for its olefin/polyolefin products that make up more than half its revenues (brought on by global re-opening and supply chain disruptions), but is also pressured by the rapidly increasing costs of its input (crude oil), and may be facing long term pressure for its major revenue source, as many governments around the world seek to reduce the amount of plastic packaging/pollution. 

Its average P/E ratio over 10 years is 9.85. So on a TTM basis it is 56% above its average P/E, and using FAST Graphs' blended P/E of 11 (incorporates future earnings estimates), it is 11.6% above its average P/E.

Prior to listing under its current ticker and raising its dividend for 11 consecutive years, Lyondell declared bankruptcy and wiped out all of its shareholders. It operates in an extremely low-margin business that can easily be disrupted by spikes in the price of crude, competitive pressure from foreign entities not subject to equivalent environmental/workplace regulations, and any substantial change to demand for its products. Bought some shares in the $60-70 range last year, and sold a bit over $100 a few months back. IME, companies like this always seem to crater right after releasing glowing quarterly reports about record profits and profit expectations (got burned by AA and FCX this way years back). Commodities and basic materials are rough.
 You can throw all that out. They got hurt pre-pandemic and their plastic material business in on fire. They are just at the beginning.  Bankruptcy in 2009 was a long time ago. There are 100's of same like companies that went through that and are trading at new highs. Just because they had issues in the past doesn't mean the future isn't bright. 

There total debt right now is 0.23%. Very low. So the probably of them going bankrupt again is very unlikely. In fact CAT carries a higher debt and bankrupt probability at 39%


LYB posted profits of $1,070 million or $3.18 per share in first-quarter 2021, up from $144 million or 42 cents in the year-ago quarter. Earnings per share topped the Zacks Consensus Estimate of $2.65.
Revenues increased 21.2% year over year to $9,082 million in the reported quarter. However, the figure missed the consensus mark of $9,328.5 million. Consolidated EBITDA for the quarter more than doubled year over year to $1,585 million.

Their last bankruptcy in 2009 coincided with the last major oil price spike, and high debt loads. FWIW, FAST Graphs gives a debt ratio of 58%, and their S&P Credit Rating is BBB- (just one step above junk). The last time I dabbled in FCX, I have fond memories of buying in around $35, as all the articles were glowing and predicting a share price rally to $70 or more, and continuing dividend increases, then watching the share price crater to the single-digit to teens for five years, while the dividend got eliminated.

The boom-bust cycle of companies like LYB is familiar to anyone who has spent any appreciable period of time living and working in Houston. LinkedIn Profiles for employees of refining/plastics companies typically have interruptions that coincide with crude oil spikes, and then when crude craters, everyone working for the E&P companies gets fired as they go under or batten down the hatches.
Most people manage to lose money in commodity based stocks eventually.  You have to follow the commodity and not chase too close to the end of the cycle.  You have to know when to bail with a small loss and not get deer in the headlights hope mode.  They just aren't buy and hold stocks.  Averaging down is usually a bad call you make years too early.  You can wait 5+ years hoping to get back to even.  Not to mention they BK more often than about any other industry.  You really do need to buy them when they are hated but missing the bottom by years is easy.  Lumber is the one to watch now and learn.  Futures are down 1/3 from peak.  I don't think it is going to crash  but I was not about to hold my WY too long.  I caught the bottom and I did miss the top, but it quickly fell back to my sell price.
[/quote]

Maybe I should buy VSTO and believe all the hype that its going to continue to run after going from $11 to $45 after being a dumpster stock for so long. Yeah lets do that  Big Grin

I wont have to wait 5 years to break even. I have no doubt this will be a $130 stock. LYB is a good position to continue strong earnings as economy recovers.  

You said the same when we bought IBM. Its going no where and you wont make any money and will sell in a week. Hmmm looks like I am. $113 TO $148  Big Grin

Your like Cramer. Do the opposite of what Fenders says and you will beat the market  Big Grin Tongue


RE: What Did You Buy Today? - fenders53 - 06-16-2021

Still undefeated in anything VSTO so better pick a MUCH better example. Smile
...........................
I am tempted to close some solar options like RUN from yesterday. ENPH, SEDG. They are about the only thing I play with that is dicey right now. Sure are fun.


RE: What Did You Buy Today? - stockguru - 06-16-2021

First you shouldn't listen to anyone's advise on the boards and or any forum. You have to buy stocks based on your own merits and research.

If I took peoples advise I would have been bankrupt by now lol. I don't know how many times people told me I was in the wrong stocks and should sell. That worked out great by not reacting because someone said so Wink

What happened in the past doesn't mean it will have the same future or pattern.

Lets see oil is dead, retail is dead. Hmm wrong. All those stocks are hitting new highs lol

I bought VSTO and gained 23 points until I sold it last week at $45. It will crash again. DKS is another example of a company left for dead that has exceeded all expectations. But both those stocks have already had a big run and the questions is... How much better can the story get from here? There is no way they can keep that growth rate up. Not saying they will crash today but the best is behind them. And that's my opinion. lol. That's the case with a lot of names.

LYB looks interesting here. They raised the dividend and guidance now 3 straight quarters. With a forward PE of 14 and growth rate of 30 it sure looks undervalued here. But what do I know. I do own, but at much lower levels. Same with DOW, CAT, DE and others. How much further can they run?? who knows. I do know they are undervalued when you compare them to tech and other sectors.


RE: What Did You Buy Today? - Otter - 06-16-2021

(06-16-2021, 11:48 AM)fenders53 Wrote: [quote pid='26788' dateline='1623859546']
(06-16-2021, 10:55 AM)divmenow Wrote:
(06-16-2021, 10:45 AM)Otter Wrote:
(06-16-2021, 10:29 AM)brought divmenow Wrote: New position in LYB

Fits my theme. Nice 4% dividend and PE under 20

LYB is in a strange spot right now, enjoying the increased pricing for its olefin/polyolefin products that make up more than half its revenues (brought on by global re-opening and supply chain disruptions), but is also pressured by the rapidly increasing costs of its input (crude oil), and may be facing long term pressure for its major revenue source, as many governments around the world seek to reduce the amount of plastic packaging/pollution. 

Its average P/E ratio over 10 years is 9.85. So on a TTM basis it is 56% above its average P/E, and using FAST Graphs' blended P/E of 11 (incorporates future earnings estimates), it is 11.6% above its average P/E.

Prior to listing under its current ticker and raising its dividend for 11 consecutive years, Lyondell declared bankruptcy and wiped out all of its shareholders. It operates in an extremely low-margin business that can easily be disrupted by spikes in the price of crude, competitive pressure from foreign entities not subject to equivalent environmental/workplace regulations, and any substantial change to demand for its products. Bought some shares in the $60-70 range last year, and sold a bit over $100 a few months back. IME, companies like this always seem to crater right after releasing glowing quarterly reports about record profits and profit expectations (got burned by AA and FCX this way years back). Commodities and basic materials are rough.
 You can throw all that out. They got hurt pre-pandemic and their plastic material business in on fire. They are just at the beginning.  Bankruptcy in 2009 was a long time ago. There are 100's of same like companies that went through that and are trading at new highs. Just because they had issues in the past doesn't mean the future isn't bright. 

There total debt right now is 0.23%. Very low. So the probably of them going bankrupt again is very unlikely. In fact CAT carries a higher debt and bankrupt probability at 39%


LYB posted profits of $1,070 million or $3.18 per share in first-quarter 2021, up from $144 million or 42 cents in the year-ago quarter. Earnings per share topped the Zacks Consensus Estimate of $2.65.
Revenues increased 21.2% year over year to $9,082 million in the reported quarter. However, the figure missed the consensus mark of $9,328.5 million. Consolidated EBITDA for the quarter more than doubled year over year to $1,585 million.

Their last bankruptcy in 2009 coincided with the last major oil price spike, and high debt loads. FWIW, FAST Graphs gives a debt ratio of 58%, and their S&P Credit Rating is BBB- (just one step above junk). The last time I dabbled in FCX, I have fond memories of buying in around $35, as all the articles were glowing and predicting a share price rally to $70 or more, and continuing dividend increases, then watching the share price crater to the single-digit to teens for five years, while the dividend got eliminated.

The boom-bust cycle of companies like LYB is familiar to anyone who has spent any appreciable period of time living and working in Houston. LinkedIn Profiles for employees of refining/plastics companies typically have interruptions that coincide with crude oil spikes, and then when crude craters, everyone working for the E&P companies gets fired as they go under or batten down the hatches.
Most people manage to lose money in commodity based stocks eventually.  You have to follow the commodity and not chase too close to the end of the cycle.  You have to know when to bail with a small loss and not get deer in the headlights hope mode.  They just aren't buy and hold stocks.  Averaging down is usually a bad call you make years too early.  You can wait 5+ years hoping to get back to even.  Not to mention they BK more often than about any other industry.  You really do need to buy them when they are hated but missing the bottom by years is easy.  Lumber is the one to watch now and learn.  Futures are down 1/3 from peak.  I don't think it is going to crash  but I was not about to hold my WY too long.  I caught the bottom and I did miss the top, but it quickly fell back to my sell price.
[/quote]

Commodities and basic materials are in my lowest circle of trust when it comes t predictable recurring revenues. They are the polar opposite of telcos and utes in that regard. Might as well consult the horoscopes as any quarterly earnings estimates