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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Spekulatius who wrote (25866)1/30/2007 4:16:54 PM
From: Keith J  Read Replies (1) | Respond to of 78666
 
Spekulatius,

I somewhat disagree with your assertion. Using VLO's latest balance sheet and assuming a $13k/barrel value for the refineries, I only come up with about a 5-18% undervaluation (depending on whether the goodwill is worth anything or not).

KJ