Cincinnatuus

What can I Say About These Clowns

NYSE:CVX   Chevron Corporation
Corporate Vision is Important. I can’t stress that enough. It’s also important to work on one’s flaws, to be the best one can be. I look at this Crew and I just shake my head. Some how these F’Ups manage to succeed and move forward despite themselves. I guess there is a lot to be said for being in the right place at the right time…

This is a company I know way too much about, technologically and financially. These guys invest in their business, but they are always playing catch up technologically. They have no problem putting money into their operation in order to conduct business, but their capital utilization is horrifically low. These guys will never be the innovators of their industry, but they will squeeze the last drop of value out of the technology they have.

The Elliot Wave pattern implies that after this decade, this company should do really well. The company is positioned really well to take advantage of the growth in the middle class of the Asian markets. Could be a pretty bumpy ride in the mean term.
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