A Tale Of Two Gas Stations

Susser Holdings (SUSS) and CST Brands (CST) both operate gas stations with convenience stores attached. Susser Holdings came public in 2006 with private equity backing, while CST Brands is a recent spin-off from Valero. On the surface a spin-off would seem far more attractive than a private equity backed IPO, but looks can be deceiving...     Read the rest of my write up at Market Folly