A few months ago we outlined the spinoff of Valero's convenience store operations, CST Brands (CST), and since then the company is down a few percent. Meanwhile, fellow Texas convenience store operator, Susser Holdings Corporation (SUSS), is up nicely over the past month. In fact, the stock has been on a half decade tear that has more than defied gravity. With this steep run up, we think the valuation for SUSS makes it a relatively unappealing investment in the convenience store space.
As for CST, at the time we touched on the company we put a $40 price target on the stock. We are still comfortable with this, as CST trades...
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