1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (9202)  | Author's Website |

Bernard Horn Comments on Loomis AB

Guru stock highlight

April 16, 2018 | About:
Conversely, Loomis AB (OSTO:LOOM B) sold off as investors overlooked its excellent results in the U.S. (7% sales growth and improving margins) and focused on the 0.8% decline in European margins. Declining European and international sales were mainly due to the end of the note/coin exchange program in Sweden and competition in France. In energy, U.S. oil refiner Marathon Petroleum improved gross refining margins, due in part to rampant U.S. fuel demand, buoyant exports and planned maintenance shutdowns of competitor refineries. The company also completed the dropdown of refining logistics assets and fuel distribution services to its general partner, MPLX, in exchange for $8.1 billion.

From Bernard Horn (Trades, Portfolio)'s first quarter 2018 shareholder letter.

About the author:

Holly LaFon
I'm a financial journalist with a master of science in journalism from Medill at Northwestern University.

Visit Holly LaFon's Website


Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:


Performances of the stocks mentioned by Holly LaFon


User Generated Screeners


DANGORDON12-15-18 LOW BOOK VAL
jtepper2High margin businesses
kislevamnonbad : p to B big 90
kislevamnonSSUPECT-TOO GOOD p to book
kislevamnonSSUPECT-TOO GOOD max 5b
bjwrightLow debt
dpdeelyDCFMarginOfSafety
dpdeelyS&P500HighYielders
kislevamnonSSUPECT-TOO bad
kislevamnonSSUPECT-TOO GOOD
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK