Vince Martin
Long/short equity, value, gambling

Adams Resources: Narrowing Spreads Create A Risky, But Potentially Profitable, Short Play

At first glance, Adams Resources & Energy (NYSEMKT:AE) seems like a screaming buy, and a value investor's dream. Trailing twelve-month earnings are $7.16 per share; at Thursday's close of $60.61 per share, the company's trailing price-to-earnings ratio sits below 9. Over $8 per share in cash provides a down...

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