Monday, April 21, 2014

Good News from HAL

Halliburton reported quarterly financials:

The full press release can be read here:

I have a pretty large allocation in the portfolio to HAL.  They pay a very small dividend, but the CEO has committed to increasing it rapidly (+46% in 2013).  In addition, they are still undervalued, with very good growth prospects globally.   Great company, I'll continue to hold.  Here is a snapshot of the valuation (note the black price line):

If you don't own HAL, add it.  It's still a good value.  I'm comfortable until the price approaches $95.



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