The aggressive buybacks, insider purchases and increase in stakes by funds indicate that the "smart-money" believes there is value in the company's shares. Holly has a strong balance sheet and is likely to leverage that to acquire earnings generating assets. The company's stock is significantly lower than its 52-week high of $80.55. I believe the company's shares will generate good returns over the next six to 12 months.
Oil Back to the Well With VLO, TSO 1/4/2008 2:13 PM EST Cracks are about to explode, so I'm getting back into these names.
Oil Crude Upside Is Limited 1/4/2008 1:16 PM EST Despite tagging $100, it'll take a big market shock to push oil higher.
At the time of publication, Raznick had no positions in the stocks mentioned, although positions may change at any time.Jason Raznick is president of Easy Stock Alerts and has been involved with the capital markets for several years. He has worked for Merrill Lynch, Dynamis and Tricap Holdings, a joint venture with Fortress Investment Group. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Raznick appreciates your feedback; click here to send him an email.
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