Holly Corp (HOC)

Valuevest (< 20) Submitted: 6/30/08 1:24 AM : Start Price: $42.16 HOC Score: -24.24

Now is a great time to buy (at less than 38). Great fundamentals: low P/E (less than 8), PEG of less than 0.4, no debt unlike some of the other refiners. Insiders have bought at higher prices than this and as an added bonus there is a greater than 5% short interest (insiders often know more about their stocks than shorts so the short squeeze will also be good for the stock). If oil (which is in a bubble at least in the short term) drops, refiners are your best bet to capitalize on that. Even if the price of oil doesn't drop, it will eventually stabilize and so will crack spreads for refiners despite short term market imbalances.

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