Huge reduction on low volume today. Also over 3 million shares short. Is this just a case of "what goes up must come down?" Or does instant gratification Wall St. act like Q2, and dividend in August is, in market terms, one hundred years away?
It's not a given that increased higher fuel prices and increased sales will decrease the margin profit. Higher fuel prices may result in a decrease in non-fuel revenues and cash flow. However, oil will not be $100 for a long time. I was traveling in VA this past week and purchased 87 octane gasoline for $2.27. I purchased more TA at $15; a steal!!
Were up $26 million; margins on fuel were up over 30%. EBITA was up. All good news. Don't listen to wall street experts, they'll drive you crazy.
Buying more, and more on dips.
Revenues were down; of course they were down,THE FUEL WAS MUCH LESS EXPENSIVE. Wall street knee jerk reaction
Now we have to be patient and wait for the next quarter when revenues and profits will be UP, BECAUSE FUEL WILL BE MORE EXPENSIVE.
There was a massive short squeeze. 60 million shares. I expect a temporary decrease after he short sellers have covered. On any dip below .90, I'm buying. Pawn 20,000 now, aiming for 50,000, maybe 100,000. This company si selling fro a fraction of book value. Insiders own 29%.