you never got back what you lost
not a good sign for shareholders
Amazing how VLO says their earnings are good but exxon and the other big guys post bad earnings
way to funny
even MPC hit a dud
The correct answer for the recall is Takeda knew and knows. I said this all along. I have the documents
This CEO does not and never will care about its shareholders
Hence we are in this situation
unless you want their seat over the weekend
If you are a hedge fund sell, sell it all you will never see this price again
and while you are selling you got to be shorting
IO love wall street, they think they got it all, now the latest news article is who needs the FED. Time to put more regulations in for fuel emissions and say no to keystone. There never will be a keystone as long as 1 state says no to the pipeline in their state.
President is said to kill keystone in September for the next 30 years
I propose a new rule. If you do not have a license or a state ID you can not buy food in this country.
roflamo...the hell with the dividend..................wow you really are mentally damaged or should I say You were all in and got scrubbed
There is a basic concept of stocks. if you thin k valero went to $66 because of the number of shares that were purchased you should put your money in the bank. Valero is at $64 because that is what you are willing to pay for it, hence it is easier to short a stock then to go long.
Lets look at amazon. Growth, on revenue $80 to 100 billion a year. They have 250 facilities that are 30 to 50 million square feet. They have very little debt. Which company is better Amazon or Valero? Amazon......They have so many things they can hit you with. Retail is just a write down, it is not even their core business. Not many of you know that.
You got hammered because their was no growth, they are in a commodity sector, the economy is slow, their accounting is suspect and oil can go to $10 a barrel by next quarter.
what were you thinking? sure the numbers look and sound good but did you really understand the number or the market at this time? No you did not. Valero will go way lower. If you had any smarts you sold today..
First, the government has revised down the past three years of domestic growth for GDP. That means the numbers were not only bad but they were horrible.
Second. its a game. The market keeps lowering earnings estimates , and for 3 years companies have missed revenue.
Third the accounting has changed. Assets were originally marked to appraised value. Today they are marked to whatever you think it is worth. How does that effect earnings? Well it shows the balance sheet is growing but it is not.
If you look closer at valero their debt has been growing but their cash is going down. Same with all refiners and most public traded companies. today the balance sheets are worse then they were in 2008
I have been saying this all along, when valero reports they report earnings before expenses.
You kept biting the line, ouch you got snared. Most of you can not read a balance sheet nor do you understand what you should pay for earnings. What is Valero really worth? Can they pay off all their debt and still have cash? The answer to the first question is valero is 24 billion over debt. The second question Valero is worth about $30 a share based on growth muiltiples. Valero is BBB rated not AAA rated on their credit reports.
We are in a economic downturn and commodities usually are the one to get hammered. Oil will go to $10 a barrel. If that happens Valero is worth $10 a share or less. Do you homework. when oil was 8 to 10 a barrel Valero was * to 10 a share.
Will valero survive with 10 oil? I do not think so because they are still carrying debt on their books from diamond shamrock purchase. That debt does not get paid at 10 percent unto the year 2030,
On a buy or a sell.thats the price...what people are willing to pay for them..just like real estate
you were willing to pay $66 get over it
it has nothing to do with the amount of shares held..............hence gap up or gaps down
due you got clobbered
VLO makes nothing read the fine print
Theyreport earnings befor expenses
they never do a buy back
do you get it
if you believe people little terps like you drove the stock up you are wrong
Stocks are priced what the market maker can get for them weather it is a buy or a sell
you happen to be stupid enough to pay $over $66 a share
this is the same as real estate
Now they understand we are in deep trouble
Tjhe FED failed and unemployment is so high and it is about to go to 30 percent
OH we are at 38% we just dont count them anymore
I love the market
On large deposits at banks they are offering 2% for 1 year no CD just a straight bank account
As for the bond market they are showing the FED will raised rates Look at the 30 15 and 10 year mortgages
CNBC knows nothing fellas
What is the cost to Valero when rates go up and foreign distillates flooding the market