It Pays To Listen To Wealthy People Parkland's High P/E Ratio Means It's Only For Aggressive Investors

During a recent game of pool in the billiard room of his palatial home, my wealthy friend Jim said he was delighted that he’d invested in Parkland Fuel Corp. (PKI/TSX). Parkland, based in Red Deer, Alta. sells gasoline and other petroleum products to businesses, households and wholesale customers in Canada and the United States. The company also owns gas stations under banners such as Pioneer in Ontario, FasGas Plus in western Canada and Race Trac in rural communities. The company...