Seeking Alpha: Core-Mark's Attractive Opportunity Reflected In The Share Price

I've liked Core-Mark Holding (NASDAQ:CORE) as an under-the-radar name in the consumer/retail sector and I still like the company's prospects. There are still a lot of independent convenience stores (or "C-stores") that could benefit from better distribution/delivery, a better assortment of fresh foods, and improved data-driven decision making. Better still, Core-Mark isn't limited to the C-store market, as the company's relationship with Rite Aid (NYSE:RAD) and there are a lot of potential sales channels outside of the C-store market for the company to target.

All of that said, the shares have done pretty well already. The stock has climbed about 70% from my initial write-up and more than 40% from my June 2014 update. While still not a household name from the perspective of sell-side coverage, a double-digit forward EV/EBITDA multiple does make it harder to argue that the shares are still notably undervalued.

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Core-Mark's Attractive Opportunity Reflected In The Share Price