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Exxon Mobil Is Still A Buy
Posted February 6, 2012
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By Jacob Steinberg
I've been holding Exxon Mobil (XOM) shares since 1999 and this is one of my all time favorite stocks. The company is committed to growing while rewarding stockholders with dividends and stock repurchases. In this article I will examine to see whether Exxon Mobil's valuation justified.
Here is a chart showing Exxon's stock price movements in the last decade. In the last 10 years, the stock price moved from $38.35 to its current price of $84.92. This indicates a return of 121% in the last decade excluding dividends.
10 years ago, the company had a quarterly EPS of 30 cents. Today this number is $1.97. This indicates a growth of 556%, a much bigger growth than the company's market cap growth. According to the company's EPS growth, Exxon Mobil is undervalued by a large margin. READ FULL ARTICLE HERE
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