> $50 that VLO will jump like a beast after July ER.

> VLO's current cash holding is currently $27-28/share. P/E ratio does
> not mean jack right now. Once VLO turns in positive cash flow in Oct
> ER, this stock will go back to its book value, and possibly a little
> bit more.

> The refining business is one of those brick and mortar businesses that
> wont go bankrupt. Just relax and buy more if you like it. I am waiting
> for a better price here. However, I do have some VLO already from the
> 18.xx range.

> On Jun 30, 2:32 pm, ripcats <ripc...@gmail.com> wrote:

> > Valero on June 2 AMC gave Q2 guidance of -.50... until then, analyst
> > estimates had been in the range of about .70 cents a share (if memory
> > serves)... that's a huge adjustment to make on share price.

> >http://online.wsj.com/article/SB124406968071982893.html

> > On Jun 29, 10:17 am, NewDelhi <kennbartl...@gmail.com> wrote:

> > > I was reading this article:

> > > "Valero recently reported its first quarter 2009 results. The company
> > > announced that its net income was 59 cents per share, compared to 48
> > > cents per share in the first quarter of 2008. “We reported positive
> > > earnings despite weaker demand,” said Bill Klesse, Valero’s Chairman
> > > of the Board and Chief Executive Officer. “In fact, our first quarter
> > > 2009 earnings per share were 23% higher than the first quarter of
> > > 2008, and 64% higher if you exclude last year’s insurance recovery. In
> > > all our regions, gasoline margins were unseasonably strong and nearly
> > > double the level in the same quarter last year. Diesel and jet fuel
> > > margins were also good in the first quarter despite being down from
> > > last year’s high levels."

> > > ...... and wondering why there isn't better price action in VLO. The
> > > rise in Oil prices perhaps??? Going into the summer season with the
> > > economy starting to recover and hurricanes coming I can't imagine this
> > > stock goes much lower.- Hide quoted text -

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