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
Oh Last week we had a 24% drop in the price of crude...I can t wait to see what the retail cost is at the pumps........
We should be down to $1.20 a gallon........ Here is the bizarre deal Iran can sell refined products on the US Market.
They get the oil for $3 to 4 and then they can cook it and sell t here a reduced cost and still make a tremendous profit. Let not even think of those 5 million unemployed oil workers that will not need gas or diesel......... Less
Because the price of the market and all stocks VLO included are so over priced they needed (FED) to do something to take this market down.
The FEDS know 20 percent can not support 80 percent
They know they will not be able to meet obligations in regard to pensions
They know the GDP of america has been cut in half
They know they encouraged buy backs
they know QE did not work
they also know they can not do a thing and they need to let this market rinse once and for all
you are way too late.......divorce them ladies and take their pensions and half their money...they are very mean to you. UPGRADE something in the 30s
cash to debt ratio of all refiners is horrible, anything less then one means they can not pay their debt....now the consumer has about $10000 in cash and 700 K in debt .about 2 percent...............one push and timber.....we go to 40 percent unemployment
The large hedge funds are trying to unload, but there is no buyers. I told these morons to dump this stock the the other day. Well they are about to get there clocks cleaned. MMs can only hold so long if they want to sell....and it will be very fast
I think all police departments in all states should be consolidated. There are way to many chiefs and if we give these chiefs a boot, we can save alot of money. There really is not a need for a individual who eats donuts and over weight to sit at a desk drawing a top management pay check. Fire them and consolidate
Hows it feel to be plowed hawk.......I bet you get plowed every day of your life and you actually think people care what you say or think.....take your crumbs and scram tin man