A friend of mine owns several petrol stations and likes to spend an inordinate amount of money on all sorts of sordid things: cocaine, booze, women and guns. He tells me the recent decline in oil and subsequent drop in gasoline has been a boon for him, since his business depends more on volume for its margins. Then it clicked and I remembered a certain stock that bucked the trend during the harrowing late 2008 decline in oil.
Ticker is PTRY.
They own gasoline stations and they are merchants of low quality food and drink. As prices drop, they bank coin. It’s as simple as that. I’ve only done rudimentary research to support my claims, so please do your own due diligence. But I think you will find a unique opportunity here; so please, keep it between you and me.
If you don’t believe me, have a look at PTRY’s late 2008 returns versus USO.
September
Oil: -11.7%
PTRY: +15.5%
October
Oil: -32% (lolz)
PTRY: +3.92%
November
Oil: -24%
PTRY: -12.1%
December
Oil: -21%
PTRY: +11%
Other gasoline station plays include COST, IMKTA and CASY.
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SERIOUSLY !!!
Follow the “sage” advice of a “drug addled” gas station attendant !!!
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STEP AWAY FROM THE BONG PEOPLE !!!
SERIOUSLY !!!
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… seems extremely careless !
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“jack be nimble … jack be quick” !!!
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MAYBE !!!!!
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Do you deny the numbers I place before you, you insolent old wretch?
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OUCH !!!
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Gotta say … “wretch” …
… NEVER BEEN ADDRESSED AS THAT !
LOL !!!
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Why are you wasting time and energy trying to find longs when there are thousands of shorts that you can pick out of a hat. If you don’t like the risk of shorting a specific stock, then short SPY.
And if you are long only for some reason, then just pickup just about whatever inverse ETF you want.
This is no longer a stock pickers market, it is like shorting the banks in 2008. Take advantage of it before Yellen outlaws all shorting.
In the Gregory Peck film, Captain Horatio Hornblower, R. N., a subject slides across thirty feet of floor on his knees saying, “El Supremo, El Supremo.” El Supremo looks down and say, What is it wretch?”
Kind of like this blog.
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…”insolent” … YES !
… “wretch” … NO !
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… “insolent wretch” seems a bit harsh and worthy of an apology !
Thank you in advance !!!
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How many God damned times do I have to endure you bearshitters crawling out from the woodworks telling me this time is different? It’s like that movie groundhog day. I feel like taking a bath and dropping a toaster into it, instead of reading the endless parade of drek.
Because shorting into the hole has always proven to be a profitable avocation.
Good luck with your VXX TITS. You will need it.
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Love Ya, Man !!!
Truly !!!
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I WILL NOT compromise my beliefs however, to gain favor !!!
I will speak honestly !
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It is NOT (at all) “adversarial” !!!
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I WISH YOU NOTHING BUT “Tight Lines”!
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Verne says HELLO !!!
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Vxx is for pussies. I am in uvxy and holding for some more 20% days like this past Friday and Monday.
Anyone know of any good books or articles that talk about how to ID a top after a parabolic move?
I need to be prepared for the eventual top in Uvxy. That is of course in several months after it goes over 100.
Kinda looks like they’ve made their moves already. Moar?
Shire fucking imploding this morning. How many Ponzi names have yet to get gutted?
We have a full EBOLA outbreak in Texas….two healthcare workers infected, who all this time have been treating god knows how many patients. And where are all those patients they’ve treated by now?
Everywhere, thats where.
EBOLA is going off the rails, total cluster failure by the govt., this shit is real, and easily transferred from person to person. Hazmat suits! Go Long!
— Fly I like the gas station idea, but want to go long owners of gas stations that deal with fuel buybacks and fleets.
Unbelievable how poorly managed this has been…can you imagine the CDC didn’t send a team into that texas hospital? They had the nurses just putting medical tape to cover their neck, due to lack of protective gear. How stupid is that
The CDC is just another BS almost useless government agency that has lost it’s way.
I have a brother in law MD who was one of the higher ups there in Atlanta. The stories I can tell.
The last few years (under 0) the CDC has been spending much time and $$ involved in “community outreach” and we all know what that means.
And GW Bushie ain’t no gem either. I knew when DHS was formed back then that it would turn into just another crap government employment agency, I hope they catch those T-shirt counterfeiters, a real threat.
Apple will have a down 5% day. That day financial engineering will officially die.
damn futures tanking again. thank goodness for DIA puts
2nd nurse case in Dallas.. uncertainty is here to stay for a while.
I have looked at stuff like this in the past only to find out the geniuses that run them hedge out their pricing. Thanks for looking Fly, but for us Pikers, Cash is a position. h/t
Fiscal Year 2014 Summary:
Comparable store merchandise revenue is estimated to have increased approximately 2.6%.
Retail fuel margin per gallon is estimated at approximately $0.122, up from $0.115 in the prior year.
Comparable store retail fuel gallons sold is estimated to have declined approximately 3.0%.
as bad as this seems, the 1st selloff in 2012 was 4% worse percentage wise