WCNC Mad Money March 8, 2016
Marathon traded at 41. Oh, geez. Back then marathon seemed to be a logical takeover target and a fantastic fount of oil. The company had a huge amount of money to be one of the largest independent Oil Producers out there. Big eye with as. They put up spectacular numbers. Earnings peaking at 4. 48 a share in 2014. In 2015 they lost an astounding 3. 26 per share. Wow. Just like that. All the debt turned the stock from a market darling into a pariah. In october with the stock down more than 50 from highs marathon slashed the dividend by 76 in order to save 425 million in cash flow. Management ind...