I am buying 10 Petrochina (PTR) May 14, 2007Posted by deminvest in China stock, growth stock, investment, oil stock, Petrochina, PTR, stock I own, stocks, stocks that pay high dividends.
Everything seems delightful about this stock:
- Forward Annual Dividend Yield: 4.60%
- Quarterly Revenue Growth (yoy): 25.30%
- Quartetrly Earnings Growth (yoy):29.40%
- Forward P/E: 11.55
- More cash than debt
- Hooked to China’s growth…..
This buy seems so easy that I should be scared… Still I’ll get 10 of those right after posting this blog.
I agree with “lighthouse” when he says: Bearish analysts help me snap up bargain. Fortunately a few Guru Financial Analysts gave Petrochina bad ratings, making PTR even cheaper for lighthouse and me to buy!
I have the “too good to be truth feeling” that led me to money-destruction with New Century… But really I think only a bullet, a blackout or a computer crash could stop me from throwing my May investing budget at Petrochina!