I had been queuing a large number of stocks at substantially low prices, and had to cancel some of them upon seeing how scary the market dropped.
One of my orders got through though, after dropping some 10.3%
Now I would need to admit that I broke one of my fundamental principles in investing here, by buying a company with a business that I do not fully understand. However the metrics look too good to ignore:
PE 4.82
Quick ratio 1.19
Current ratio 3.51
Net Profit Margin 20.48
Net Profit Margin (5YR Ave) 22.38
ROE (5YR) 20.49
ROI (5YR) 201.6
ROA (5YR) 13
Div 3.9%
This really looks a good company that is being hammered by the current low oil prices. I need to do some reading now to further understand its business.
Got 5000 shares. Commision was 48.36
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