But, is there another opportunity to buy low in the future? Many of the reasons why Buffett first took a stake in the firm are still there.
With profit expected to grow by It looks like higher cash flows is on the cards for the stock, which should feed into a higher share valuation. Are you a shareholder? However, this brings up another question — is now the right time to sell?
If you believe PSX should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable.
But before you make this decision, take a look at whether its fundamentals have changed. Are you a potential investor? Price is just the tip of the iceberg. Dig deeper into what truly matters — the fundamentals — before you make a decision on Phillips You can find everything you need to know about PSX in the latest infographic research report.
If you are no longer interested in Phillips 66, you can use our free platform to see my list of over 50 other stocks with a high growth potential. To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data.
Note that our analysis does not factor in the latest price sensitive company announcements. Namely, they provide steady and rising cash flows.
And the love for shareholders keeps coming. PSX has a huge economic moat and produces steady cash flows, which is exactly the kind of investment that he looks for. And so far his investment has paid off. The short answer is yes. Many of the reasons why Buffett first took a stake in the firm are still there.
Increased chemicals demand has also strengthened these underlying businesses. With that, shares are still a big-time buy. Search Now you can search stock related news and private companies such as Airbnb.
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