A Texas-based convenience store chain was sold just three days after its executives presented at the 18th annual Burkenroad Reports Investment Conference. Susser Holdings Corp., parent company of Stripes Convenience Stores, was acquired for $1.8 billion by Energy Transfer Partners. Susser Holdings also controls Susser Petroleum Partners, one of the largest wholesale fuel distributors in Texas.
E. V. “Chip” Bonner, executive vice president of Susser Holdings, speaks at the 2014 Burkenroad Reports Investment Conference, which took place on April 25 at the Hyatt Regency New Orleans.
The Burkenroad Reports Conference, which took place April 25 at the Hyatt Regency New Orleans, is an annual event that highlights companies covered by Burkenroad Reports, the Freeman School’s acclaimed equities analysis program. Since its founding in 1993, 29 companies covered by the program have been bought out, with Susser being the fifth in the last 10 months.
Thirty-four companies delivered presentations at this year’s conference to a record attendance of 750 people. According to Peter Ricchiuti, William B. Burkenroad Jr. Professor of Practice at the Freeman School and founder of Burkenroad Reports, about half of those in attendance were professional investors, but the rest were individuals looking for investment ideas on their own. Ricchiuti says Burkenroad Reports stocks and the Hancock Horizon Burkenroad Fund, a mutual fund that invests in many of the companies covered by the program, can often help investors round out their portfolios.
“Most investors own mutual funds that tend to own the same large-cap stocks,” says Ricchiuti. “These kinds of companies are not only interesting but provide some diversification.”
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