Thursday, June 12, 2014

Seeking Alpha: Core-Mark: A Great Small-Cap Play On Convenience

The convenience store (or "C-store") industry represents nearly $225 billion in in-store retail sales every year in the U.S. and Canada, and every one of those 175,000 or so stores needs distributors to deliver the goods they stock on their shelves. Core-Mark Holdings (CORE), the second-largest C-store distributor, continues to offer some attractive leverage to this market. Up about 18% from my prior write-up, the valuation isn't quite as compelling, but I believe Core-Mark can continue to be a share-gainer in a fragmented market, while leveraging the margin and cash flow benefits of providing value-added services to smaller clients.

Click the link to continue:
Core-Mark: A Great Small-Cap Play On Convenience

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