Why I’m Betting on Valero’s Management
The economy has come to a screeching halt for the time being, and companies need cash in order to fulfill short-term obligations while some operations are shut down. But while other companies scramble, oil refiner and retailer Valero Energy's (NYSE: VLO) management understood the risks in advance. The moves it made in 2019 are helping it successfully navigate the industry's cash crunch today.
Source: Getty Images.
Right now, no one knows when we'll all be able to go back to work. And without employees working and customers buying, a lot of companies can't pay their short-term bills, much less turn a profit. They need cash -- and a revolving credit line can provide it.
Source Fool.com
