About 8 minutes until opening. Yesterday, I noticed an interesting stock. Oracle (NASDAQ:ORCL). It went down Friday (21st) and it closed yesterday at $30.14.
I looked into it, an it seems to be pretty low for a company like Oracle.
PE Ratio : 16.
Dividend Payout Ratio = 12%.
Return on Equity (ROE) = 24.4% (This is very decent).
Return on Capital Invested (ROCI) = 17.1%
And relatively low debt
Leverage Ratio (Assets/Equity) = 1.8
LT Debt/Total Capital = 30%
Now, maybe it's not paying high dividends (Yield = 0.7%) but I think it will go higher. Yesterday was the lowest in 6 months, and it's a pretty solid company in my opinion.
I don't have any stake in this company, I am doing this to keep track (Virtual Stock Exchange in Marketwatch). I bought a couple of thousand shares yesterday and I'm waiting to see what they do.
If I am mistaken, there is no risk I will forget about it, so I can learn and see where I went wrong.
Verba volant, scripta manent.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Additional disclosure: I am doing this for my education to keep track on why I thought what I thought.