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

To: anializer who wrote (33847)	3/18/2009 12:04:22 PM
From: Paul Senior	Respond to of 78753

CORE looks like an undervalued stock to me. What's not so great for me is that there's not much public history to Core-Mark: finance.yahoo.com (Company's been around a while though: Their website says they were founded in 1888.) For a buy for me, I would like to see this stock trading closer again to the $15-16's of the past couple of weeks than at the current price. There are so many value stocks available that maybe it pays to just wait to see if volatility brings prices closer again to lows. Otoh, who knows? The stock's a buy because it seems in its short history to have been profitable, and for such a distributor (26 distribution centers, broad product array), to report a good quarter and outlook, yet to have a p/sales ratio of only .04--- that says to me the company is likely undervalued. Company doesn't seem to have too much debt (I've not considered refunding issues, if any). I note pension liabilities are up sharply. P/e of 10 is acceptable. Price below stated book is a strong positive. N.B.: About "a reasonable trade (a buy and subsequent sell) over the next several months", on that I have no opinion. I'm figuring maybe a buy and hold for maybe a short-term, 18-24 mo., timeframe.