But, Valero does have a debt problem. They have a debt to cash ratio of .3 Earning were clobbered and at $72 a share they only recaptures 50% of the earning from pre crash 2008. what does that mean? You as fools paid more for the stock because there was truly less earnings to support the price.
Remember also, unemployment real time numbers are 15%
80 percent of the folks are getting a government check from food stamps to healthcare
Sorry to say, the idea that we could have socialism built or baked into a capitalism system can work is ludicrous.
At the present run rate, valero revenue has fallen off the cliff
As for profits, to much debt, this puppy has already started to bleed red from to much debt
wait until the Saudis start flooding the market with their refined prices, or the Iranians
does it hurt.....for a while it is going to hurt. see fellas, all that bad debt, they just moved the chains around, they gave you a perception the economy was doing well. Not sure how that can be if 80 percent of the people are getting some type of government subsidy. for the 20 percent, do everything you can to protect your future, this is going to end like the Titanic, everyone is going to be running around screaming, and only 20 percent will be in the life boats, after she sinks, the screaming will grow quiet, then we can look for survivors