5 Things Sunoco LP's Management Thinks You Should Know
Up until a few months ago, there weren't a whole lot of reasons to be hopeful about Sunoco's (NYSE: SUN) stock. Then, management announced a major deal that has the potential to be a reset button for the company: It's transitioning away from running filling stations and convenience stores, and focusing instead on its bread-and-butter business of wholesale fuel distribution.
The sale of most of the retail segment of the company will leave the company with a large pile of cash at its disposal. Here are a few quotes from the company's most recent conference call that outline some of its most pressing issues, and how it plans use those new funds to alleviate them.
Image source: Getty Images.
Source: Fool.com
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