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dealorfx

08/07/11 7:54 PM

#3004 RE: toohip4u #3003

tesoro, TSO book value $23.40,,,, P/B=.92 forward PE 6.91

gross margin = 12.2%

Tesoro Earnings Cheat Sheet for the Second Quarter

Results: Net income for Tesoro Corporation rose to $222 million ($1.52 per share) vs. $67 million (47 cents per share) in the same quarter a year earlier. This is a more than threefold rise from the year earlier quarter.

Revenue: Rose 54.8% to $7.96 billion from the year earlier quarter.

TSO is trading at a significant (~36%) discount to its adjusted book value, yet the company’s track record shows it is not a value destroyer (the company has done a good job of improving its book value per share over the last decade) so it shouldn’t be trading at such a discount on that basis.

TSO [NYSE]
Tesoro Corporation
Basic Materials | Oil & Gas Refining & Marketing | USA


http://www.gurufocus.com/news/139691/tesoro-corp-massive-but-volatile-offbalancesheet-assets-tso