Sunoco- Racing to Profits

MoneyShow - finance.yahoo.com Posted 5 years ago

Sunoco L.P. (SUN) is a trusted American brand built on innovation and quality; this superbly managed enterprise is well-recognized among racing enthusiasts worldwide, asserts Bryan Perry, growth and income expert and editor of Cash Machine.

The company is the world’s largest manufacturer and marketer of racing fuels, distributing gasoline to more than 500 racetracks worldwide. It is the official fuel of NASCAR, NHRA, INDYCAR and 50 other racing series in the United States.

The company’s footprint is dense within the entire East Coast from Maine to Florida. Sunoco LP, together with its subsidiaries, engages in the distribution and retailing of motor fuels in the United States.

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The shares yield a time-tested yield of 10.63% as illustrated by the rich history of distribution increases over the past seven years. In the income investing business, this is where the rubber meets the road. Current distribution coverage is 1.32 times.

The partnership is set to see topline revenues grow from $15.53 billion to $16.39 billion in 2019 with earnings forecast to grow by 16.54% for the next five years. Let’s get long in one of America’s premier service station franchises in front of summer driving season.

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