The wholesale industry closed the day up 2.1%. SinoHub Inc (SIHI), SMF Energy Corporation (FUEL), China Armco Metals Inc (CNAM), and Bluelinx Holdings Inc (BXC) were all decliners today within the wholesale industry with Global Partners (GLP) being today's featured wholesale loser. Global Partners fell 61 cents (-3.9%) to $15.17 on heavy volume. Throughout the day, 131,955 shares of Global Partners exchanged hands as compared to its average daily volume of 84,900 shares. Global Partners LP, through its subsidiaries, engages in the wholesale and commercial distribution of refined petroleum products and natural gas, and provides ancillary services in the United States and internationally. It operates in two segments, Wholesale and Commercial. Global Partners has a market cap of $343.6 million and is part of the services sector. The company has a P/E ratio of 25.3, above the average wholesale industry P/E ratio of 23.1 and above the S&P 500 P/E ratio of 17.7. Shares are down 42.4% year to date as of the close of trading on Tuesday. TheStreet Ratings rates Global as a hold. Among the primary strengths of the company is its robust revenue growth -- not just in the most recent periods but in previous quarters as well. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income.
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