Tristan R. Brown
Alternative energy, long/short equity, commodities, energy

The End Of The Powerball Run Doesn't Hurt The Outlook For CST Brands

Shares of fuel retailer and C-store operator CST Brands (NYSE:CST) were unable to avoid the hit that affected the rest of the industry after the billion-dollar Powerball run came to an end last week. The company's share price fell by 9% as investors feared that the lack of a big jackpot moving forward will cause C-store traffic and revenues to decline. While it is true that CST Brands likely benefited from stronger sales as customers decided to buy snacks and soft drinks along with their ticket purchases, the company is a fuel retailer first and foremost. Lost amidst the headlines about the record jackpot was the news that crude prices had ended the week by settling below $30/bbl,

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