Balanced Investing
Growth at reasonable price, mutual fund analyst

Alon USA Partners: Performance And Spread Correlated, Offering 35% Return

Last year (2013) was not a good one for the investors of Alon USA Partners LP (NYSE:ALDW) as the share price declined by approximately 23.58 percent during the trailing twelve months. The reason behind the decline in the stock price was the lower West Texas Sour "WTS" - West Texas Intermediate "WTI" spreads during the period. Now that the spreads are improving I believe that the company will be able to report better results in fiscal year 2014. Although the product prices like gasoline and diesel are likely to decline an increase in the spreads will help the company to report decent results. Therefore, after incorporating these factors into the valuation, the intrinsic value of the stock is...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details