Our stock price has fallen to $112 today and generally we are suppose to have $117. Could we say some layoffs due to this? MW is very serious about his stock price being the 120's.
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I’ve enjoyed this run up. I’ve used it to rebalance my 401K that was a little heavier on the CVX stock than I preferred. If we hit 120 I’m dumping the rest minus the old match shares. As someone else eluded, this is a slowly sinking Titanic. “May hay while the sun is shining”.
IF you are getting 4 to 1 company match on you contributions what are you concerned about? CVX is not a growth stock it is a Value stock. Comparing a value stock with growth like one poster mentioned is silly. People who don't know this need to educate themelves . What you do is sell your CVX shares every couple of years (to re-balance your 401k) and start buying growth stocks with them. or a growth ETF because its not permitted to buy individual stocks in the 401k plan.
OMG today the stock is $118.76, are we done for? OMG again, the quarterly dividend payout is next week another $1.36 paid to shareholders are we done for?
layoff employees to cut cost, increase share buybacks and upping dividends to bump up the share price so that exec mgmt can exercise their stock options and profit/cash out??
are you kidding me?
MW wants extreme profits and also extreme cost cutting and layoffs. He doesn't care at all about his employees. Its very evident since the beginning of 2020.
MW just wants it higher to exercise his options and get better profits
OP, I hope you don’t manage your own portfolio.
Pretty good price for those who bought in the 60s. Remember? Thats when folks like you were saying not buy the stock because the company would be bankrupt soon.
LOLOLOLOL great response. Yes folks like OP is what keeps me up at night - the mere fact or possibility this employee or chevron cohort is somehow a contributing body to our future. We may truly be done for from that perspective.
The share price falls a bit to $112 and you think we are done for? It was $60 in March of 2020, were we done for then? It was $85.00 in Feb of 2021, were we done for then? It was $94.00 on 8/18 and again $94.00 on 9/20, were we done for then? Maybe you just don't understand what the term "done for" means. Here is a bit of help.
done for
1 -Exhausted, worn out, as in This old computer is just about done for.
2- Doomed to death or destruction, as in Before he went to the hospital it seemed as if he was done for.
I wonder if Chevron VP's read this forum or MW does.. these are his employees talking..
How can we get him to read this forum so he can take on some of our advice?
The stock is doing pretty good but nothing will stop MW if he wants to do a big layoff. He's a layoff addict that need to go to layoff rehab. Only a matter of time before he needs to get his layoff fix.
OP must be a newbie. $112 is actually a very good price for Chevron. Wall St. has seen a ceiling on Chevron stock at $125 for a decade now. If you have appreciable Chevron stock, this is a good time for profit-taking.
The entire s&p 500 is down over the past few weeks due to Omicron. Why are you fear mongering?
Atleast we are better than AT&T...go digital !
The stock sucks! It’s a very poor deal!! If one looks at other stocks (google, Amazon, etc.) they have all risen in past 3-5 years!! Not CVX stock!! Even with the dividend!! Sucks!!