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Strategies & Market Trends : Value Investing
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To: Difco who wrote (43258)8/17/2011 3:31:18 PM
From: Paul Senior  Read Replies (1) of 78625
 
VLO. Decided I will reenter now for few shares.

Price:tangible bv ~= .8. That number's been lower, also higher, in past years. Although I can't be sure, it seems to me VLO is gaining importance in its position as the largest independent US refiner.

Besides the usual negative of oil refining margins frequently/usually getting squeezed and making the sector mostly unattractive, VLO has several ethanol refineries, and I'm not a fan of corn-to-oil operations.

finance.yahoo.com
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