$NOV - If you like Benjamin Graham ideas here are a few to consider.
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.
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