CST Brands (CST -0.4%) - the spinoff of Valero's (VLO) convenience store business (for those in...

|About: CST Brands (CST)|By:, SA News Editor

CST Brands (CST -0.4%) - the spinoff of Valero's (VLO) convenience store business (for those in the Mid-Atlantic, think Wawa's superstores) - is again lower on its 2nd day of trading. Not a fan of the business model, Wilson Wang nevertheless says the low valuation has him interested. He's waiting first to see if institutional holders - Valero owners who have no interest in owning a retail operation - dump their stakes and create an even more enticing valuation (the Joel Greenblatt scenario).