Good announcement. If over the next couple of years WOW can help drive better sales through the solid margin convenience business it will indeed position it well for an IPO. As a shareholder THAT's the path that will put more reward directly in shareholder hands. Enhance WOW value AND give shareholders WOW/Petrol shares with opportunity to either ca$h-out for some easy money or hang in there and ride the petrol/convenience seas longer-term.
BP deal may have had some short-term ticks....but this way has real potential to reward WOW holders well over the medium term.
WOW Price at posting:
$30.77 Sentiment: Buy Disclosure: Held