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Valero Energy Corporation Message Board

  • idpatton01 idpatton01 Aug 21, 2014 12:38 PM Flag

    Great time to short my first short of the day on this stock 500 K

    They still have not figured out how to meet the epa standards,,,,,,,,,,,,,,cost $3 billion and it must be done this year otherwise they will not make a dime.

    I also do not like how they booked 250 million in goodwill as profit
    I also do not like that they missed on earnings and revenue
    I also do not like the way they reported
    $1.22 on continuing operations and yet they did not figurre out how to post the $900 million for the start of the upgrade or the $63 million dollar loss on Aruba. If you do the math they lost $5 a share last quarter and the conference call was horrible
    right now you are paying 10 times earnings for a company that lost 15% of market share and a loss of $5 a share
    Not a good idea
    spartans start shorting

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