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Western Refining, Inc. Message Board

govpur 4 posts  |  Last Activity: Aug 22, 2016 7:47 AM Member since: Apr 16, 2013
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  • Reply to

    Talked to IR

    by govpur Aug 18, 2016 5:50 PM
    govpur govpur Aug 22, 2016 7:47 AM Flag

    I don't want to give you investment advice but I am holding. The news on CST this morning hopefully sheds light on the discounted value of TA. Arguably, TA is much more than convenience stores with travel centers, truck service, biggest food franchisor, and now QSL. QSL alone could be bigger than current market cap and is so much better than BWLD (there is no comparison). My conversation with IR centered around RMR and why TA is so discounted to peers. The answer received is that RMR actively supports TA when needed and in the past has reduced fees, etc. to align long term TA plan with changing market dynamics. The discounted value relates to the massive capital spend TA has embarked on and results lagging estimates. Capital spend is now winding down and we should see exceedingly good results as these locations "stabilize". Guess that's the big question, are we at the bottom of earnings trough for TA or embarking on an earnings growth phase ala CST, CASY that brings valuation in line with peers. If the latter is true, then this stock can really move.

  • govpur by govpur Aug 18, 2016 5:50 PM Flag

    Suggest all shareholders here do the same. Answered all my question completely. Personally, I think we are at trough and capital program winding down. Should see earnings increase as sites reach full potential.

  • Reply to

    WARRANTS AND SHARE COUNT

    by govpur Jul 11, 2016 9:05 AM
    govpur govpur Jul 11, 2016 11:27 AM Flag

    Ummm...you are up 40 percent this morning!

  • Any feedback from board on today's announcement? I read it 3 times and my take away that this is really good news. Future dilution is getting reduced significantly- 3.6 warrants are getting taken out per share as opposed to 1 for 1. Also, as of July 8th the share repurchase program has taken out close to 1 million shares and 500,000 warrants. AND there is $14.5M still to go. Analysts should be revising earnings up to reflect 1M shares being taken out, maybe we will see that before 22 July. My personal belief is that they are doing everything right operationally and now on the capital structure side. Once the higher growth kicks in 2017 and beyond, this should respond accordingly by year end as market should be ahead of facts.

WNR
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