there is value in break up here!...bottom line === "I know everybody wants to sell the refiners here. I say (CVI) is still strong considering their diversity, as not just distillate maker but domestic fertilizer producer. Also their small size and better operating margins. The other refiner I think is a buy here @ $7.50 is Delek US Holdings, Inc (DK), with not only their refinery and small pipeline bussiness, but for their retail segment of fuel stations and convenience stores primarily under the MAPCO Express, MAPCO Mart, Discount Food Mart, Fast Food and Fuel, East Coast, and Favorite Markets brands. As of December 31, 2009, this segment operated 442 retail fuel and convenience stores in Alabama, Arkansas, Georgia, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. ------------ I think companies like a (CASY) or Couche-Tard could snap (DK) in a second. (DK) could also be broken up/spin off a segment or two to unlock value. (Delek also has stake in a domestic oil producer called Lion Oil. Their parent company (Delek Group Ltd.) is I believe, is one of the largest company's on the Israeli exchange.
Asked by Steven L. Goff - 21 days ago - 8 answers - 303 views