Well, I still don't get why their holding company's (Valero) Initial Public Offering (VEH) is wilting, rather than taking off!!! VLO is their regular stock and I don't think it's slipping. I think I'll go look. Maybe that's what's wrong...
I don't really know. Valero is a well-run company. They are respected in the industry by their competitors.
VEH is not the holding company for VLO - it's the holding company for the terminal and pipeline system that VLO formally owned. Actually, VLO still owns 59% of VEH, so I guess you could say that VLO still owns VEH, just not 100% anymore.
VEH was the IPO for their pipeline divsion and it didn't take off.
VLO is the common stock for the refining and marketing divsion. It has done real well. Everyone I've ever talked to has or is working for Valero love it.