Schlumberger's Call Had It All

What makes for a perfect quarter? What has to be said in a conference call to lift a stock into the winner's circle of biggest percentage gains? Look no further than last Friday's Schlumberger (SLB) conference call, the one that spurred the stock to go from $78 to $82, because that call had it all.

First, we heard some magic words that we don't normally hear from more than a handful companies, and even then, we are skeptical: a five year plan. That's right, a roadmap for "strong projected cash flow" that goes out five years. Given the bountiful nature of the company's cash, management was able to lay out a progressive dividend plan as well as a gigantic, $10 billion repurchase program that, if anything, is liable to be increased as time goes on....445 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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