Delek US Holdings, Inc. (DK): I don't need to like the ruthless ma...

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pete807

Re: None

Tuesday, 11/27/2018 10:22:53 AM

Tuesday, November 27, 2018 10:22:53 AM

I don't need to like the ruthless management to like the earning potential of my investment here... So I may add to my small stake as I agree with this article.
https://seekingalpha.com/article/4223219-delek-us-holdings-offers-far-sighted-investors-return-50-percent-q4-2019

The fact that its net debt (total debt minus cash) is declining shows that its purchase of peer Alon USA Energy is already delivering large returns.

We knew they were stealing a golden goose, so I am rethinking the fall from $60 here and will ride the golden eggs back to $50 or better. I like the $560 MM share buyback also.

The company announced a new $500 million buyback authorization as part of its Q3 earnings report that brings its total authorization to $560 million. It intends to repurchase $150 million worth of its shares in Q4 alone

-pete

"You’ve got to be very careful if you don’t know where you are going because you might not get there."
"The future ain’t what it used to be" "A nickel ain’t worth a dime anymore."
-so long Yogi, we will miss you-