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Saturday, May 18, 2013 3:20:17 AM
i. National Oilwell Varco operates as an oilfield equipment and services company. National Oilwell Varco provides equipment used for both onshore and offshore drilling. National Oilwell Varco also provides assembly and maintenance services for oilfield equipment.
ii. Graham's conditions for being a conservatively financed company are just that, conservative. When applying how stringent Grahams parameters are, only a small hand full of companies are picked. The point of this is to ensure that the company we add to our portfolio has enough assets to avoid bankruptcy if the economy turns south.
In an attempt to simplify and save time we are going to look at total assets vs. liabilities. We are looking for at least twice as many assets as liabilities or 200%. As of the first quarter 2013 National Oilwell Varco has $33,556,000,000 in assets and $13,007,000,000 in liabilities. The assets are 258% of liabilities.
iii. Graham wanted to see at least 20 years of paying consecutive dividends. National Oilwell Varco has been consecutively paying a dividend since late 2009. Currently they have a payout ratio of 9%.
iv. A P/E of 20 at the current EPS of $5.58 is $111.60 a share.
http://seekingalpha.com/article/1440811-benjamin-graham-s-rules-for-the-common-stock-component-national-oilwell-varco
Oil & Gas | OTCBB | OTCQB | Pink Sheets
Purely my own opinion. This is not investment advise and do your own due diligence.
Recent NOV News
- NOV Announces Second Quarter 2024 Earnings Conference Call • Business Wire • 06/21/2024 10:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:20:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:19:15 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:14:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:12:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:10:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:06:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/16/2024 09:00:34 PM
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- NOV Reports First Quarter 2024 Results, Return of Capital Framework, $1 Billion Share Repurchase Authorization, and Plan to Increase Dividend 50% • Business Wire • 04/25/2024 10:09:00 PM
- NOV Announces First Quarter 2024 Earnings Conference Call • Business Wire • 03/26/2024 10:30:00 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 11:01:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 10:16:01 PM
- NOV Appoints Patricia Martinez to the Board of Directors • Business Wire • 03/06/2024 10:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/26/2024 10:38:39 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 11:29:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 11:28:13 PM
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