VLO: Valero Energy Corp. Message Board

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Gold/Mining/Energy : VLO: Valero Energy Corp.

VLO 181.78

+3.4%

3:59 PM EST

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To: hubris33 who wrote (45)	11/1/2005 11:33:38 AM
From: Wyätt Gwyön	Read Replies (1) of 299

VLO earned $2.30 in the month of October alone. that annualizes to $27.60, giving VLO a runrate PE of under 4. most of the PE estimates you see are based on lowballed earnings estimates. using 12.51 earnings as a basis for valuing VLO here is imo ridiculous, unless you think the company is a bunch of liars. personally, i have naively believed them for several years since i started buying them at a share price of $12.50. it strikes me as very ironical that the market always takes the worst way of looking at earnings when it comes to energy companies, and takes the best pie-in-the-sky scenario (pro forma earnings estimates for 2008) when it comes to tech stocks.

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