Delek US Holdings, Inc. (DK)

[pete807]

I have explained it more than once but we do think differently on taxes... and we live in different places where there are more local and state taxes charged...

I don't need taxable gains this year. In January I can take them to deal with 15 months later if needed.
Depending on performance I will hold or sell but I disagree on DK selling me out cause they did that already so I have thousands of gains to deal with automatically in April due to the change away from the MLP consummated in February. We had no choice and some of the gains since the merger are unrealized so I will wait.

I see DK only as an opportunity to make money based on high earnings, I know there is not much yield via dividend but... Even at $40 I retain unrealized gains that would cost me over a thousand dollars in April. I choose to wait and see. This company has earnings beats and lots of cash flow, and is generally undervalued like some others we know. Should they choose to acquire assets the market might like them even more in 15 months. I will have booked any gains and dealt with the taxation.

I stick to my plan cuz it works.