CVR REFINING (CVI)

[michaelmerriman]

TheStreet.com Rates CVRR Sell

Article Here

The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 74.7% when compared to the same quarter one year ago, falling from $86.00 million to $21.80 million.

The gross profit margin for CVR REFINING LP is currently extremely low, coming in at 2.55%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 0.98% trails that of the industry average.

Basically, TheStreet isn't credible enough to do their research and realize that CVRR is still trading on Q3'14 numbers, and comparing a quarter with a refinery fire and refinery maintenance to that of the last year running at full throughput is a terrible excuse for their recommendation. Part of me wonders if it's just stupidity or if it's meant to smear the stock a bit and delay it's recovery?

I wonder how many people are thrown off after just glancing at YoY numbers?