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

To: Difco who wrote (43258)	7/10/2011 3:18:03 PM
From: armi	Respond to of 78622

SUN seems a bit expensive or maybe my criteria is a bit hard. IMO, I guess others have already seen what they're doing and rewarding the company for doing so. Margins are also tad low. <5% ?!?! ROE <7%?!

To: Difco who wrote (43258)	7/11/2011 12:36:53 AM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78622

I don't invest in refineries. You mention the cash, but you don't mention 2.5B in debt. You also don't mention that SUN had negative FCF since 2007, not counting last year's asset sales. :) Obviously people who held this, made tons of money 2003-2006, so good luck if you choose to invest. :)

To: Difco who wrote (43258)	7/11/2011 9:31:58 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78622

Refineries. Yes, agree. A cyclical business as you say. I caught a previous cycle, but missed this one -- TSO, VLO, DK, ALON, WNR, etc. I suspect too late be buying, but who knows. I'll pass. For me, for now, will only consider oil co's that have refinery operations as just part of their business. For example, I have an order in for more HES now. finance.yahoo.com

To: Difco who wrote (43258)	8/9/2011 4:43:16 PM
From: Difco	Respond to of 78622

Sunoco update: Sunoco Announces $500 Million Share Repurchase Authorization PHILADELPHIA--( BUSINESS WIRE)--Sunoco, Inc. (NYSE: SUN) announced today that it intends to repurchase up to $500 million of its outstanding common stock, pursuant to an existing authorization from its Board of Directors.“We remain focused on delivering value to shareholders and believe that a share repurchase program of this magnitude is an appropriate and strategic use of the company’s cash while still allowing the flexibility to continue pursuing growth in our retail and logistics businesses.” “We believe Sunoco shares are significantly undervalued in the current market. Now is a good time to repurchase shares of our stock,” said Lynn L. Elsenhans, Sunoco’s chairman and chief executive officer. “We remain focused on delivering value to shareholders and believe that a share repurchase program of this magnitude is an appropriate and strategic use of the company’s cash while still allowing the flexibility to continue pursuing growth in our retail and logistics businesses.” businesswire.com

To: Difco who wrote (43258)	8/17/2011 3:31:18 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78622

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