Post #7 - Aug P&L sharing
I admit I bought $Ecopetrol (EC.US)$ before conducting proper analysis. I just based on dividend yield, PE and the industry.
If the market agreed with me, this Colombian national petroleum company listed on NYSE (Petronas equivalent in Malaysia) would have increased in price, but it didn't.
Turns out that while this counter is considered undervalued, it is also a value trap because the EPS and other profit indicators dropped compared to 2023.
But, luck may be on my side this time because they were just approved of a big loan and the recent rate cut announcements could mean they landed on a cheaper loan.
What do you honestly think of this counter?
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I'm a casual investor from Malaysia, learning, diversifying, and taking charge of my retirement funds.
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Bees Knees : Same, I started my investment journey a couple of months ago and its not been easy! While the price is down right now it has a lengthy history so there is some future to be had. I don't think its a quick turnover, but I think staying put will offer some good returns
Space Dust : i have spent substantial time digging into the dynamics of the company as dividends are becoming more popular choices.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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can only be slaughtered once . 
and 
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so far, according to others, the leftist leader of Colombia has really been an issue with EC..
whenever someone leftist sees a target to extract resources " for the people"
many investors are apprehensive to someone waking up everyday thinking of ways to " rob the rich, feed the poor"
short sighted mentality, as the cash cow
and it provides the
so, milk it as much as possible..
when dividend time comes, putting his hand in there , and
" giving to the poor" and then..
you KNOW, he thinks," welp,nice dividend , how can we take 1/3 of that.. the " rich " are greedy and should be satisfied with less .
CNNT OP Bees Knees : Ya, I have to agree on principle. But first, we have to drown out the noise and curb that short-term opportunitic urge. I set out to reap long term benefits but was tempted to explore all the exciting shiny things and got lost a bit. But still, in the early days in the journey, let's not make the same mistakes over and over.
CNNT OP Space Dust : I guess you are right at a philosophical level and it could play out that way, so its something we should ve keenly aware of. But what bugs me is some of the unhealthy financial numbers, suggesting the company is not well run. So while promising, I won't hold too much of such stocks.
Space Dust : good instincts. did you see the article on the 2 board members that left?
CNNT OP Space Dust : Yup, while it doesn't sound right that a president can veto a publically listed company and put so many political appointees in board seats, it us at the end of the day a majority government owned company(88%). This could be a short-term setback. Governments normally won't 'allow' state own companies to fail. I hope bad governance won't bring them down cause Columbia doesn't seem like they have the financial flex to bail out companies.