These guys are indestructible, the worst period for margins we had in a long time and they didnt lose a cent http://www.valero.com/InvestorRelations/NewsReleases-Financial.htm
Indestructible...? The stock's already battered at the low end of the 52 wk. range. The forward P/E is 6.36 with a P/B under 1...how much lower do you think it can drop?
You are correct. My bad. Typo. The FBR analyst lowered his EPS for 2008 down to $3.55 from $4.50 and his price target from $65 down to $55.