Delek US Holdings, Inc. (DK)

[jugs]

I'm seeing an enormous flaw here:

DK repurchases aggressively their open market commons while shares simultaneously drop from $62 to less than half in the same time period. That's far worse than any other stock I've known and covered.

The reasoning behind repurchases is that of bringing things into line. They've accomplished nothing positive save for alienating ALDW investors.

I think it ludicrous to have cash placed into DK's hands knowing their history speaks to abject failure.