ALD is primarily involved in the purchase, refining, distribution and marketing of petroleum products and the operation of convenience stores – most of us are leaving more money behind at their service stations than we would like! Yesterday saw ALD end Wednesday up +3.8%, the most in two years, as 3Q Total Sales Volume jumped +26% year on year, as trading volume soared to 5x its 20-day average – overall a solid result for the company.
- We thought the result was solid but probably not enough to rerate a stock that trod water for over 18-months.
MM is neutral on ALD
Add To Hit List
