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CORE - The Core-Mark Roller Coaster Back At A Low Point
Core-Mark Holding Company Inc.
You wouldn't think distribution would be such a volatile business, but not only are there a lot of moving parts to Core-Mark's (CORE) business, the margins are thin enough that even a small matter can have an outsized impact on results. While investors had seemingly made their peace with a more aggressive/competitive approach from rival Berkshire Hathaway's (BRK.A) McLane operation and erratic progress on value-added service initiatives, greater uncertainty around the company's tobacco business has brought on a lot of selling pressure.