Correction... Crash... Or Crisis? - Page 2 of 2 - Black Enterprise

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Black Enterprise Magazine July/August 2018 Issue

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yearly highs for each stock and dividing by the reported earnings that year. Second, we want to make sure a company’s debt-to-total-capital ratio is no more than 50%. We look for companies with steady dividends, a sign that business is good enough for management to want to share profits with stockholders.

Q: Using your strategies, and looking at long-term value, what looks good right now?

Eley: We continue to favor oil and financial stocks that look good in this environment. And, finally, Dow Chemical and AT&T look particularly undervalued.

STURDY STOCKS
These stocks not only cheap, says Eley, but they should hold up if the market turns sour.

Company

Exchange:Symbol

Price Yield
Amoco

NYSE: AN

89.81 0.031
Chevron

NYSE: CHV

79.25 0.029
Exxon

NYSE: XON

64.00 0.025
Cigna

NYSE: CI

177.00 0.018
First Chicago

NYSE: FCN

85.34 0.020
J.P. Morgan

NYSE: JPM

125.44 0.028
Dow Chemical

NYSE: DOW

100.75 0.034
Philip Morris

NYSE: MO

45.44 0.035
AT&T

NYSE: T

57.34 0.023
[*] As of 12/5/97

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