Genworth Financial Inc (GNW), Western Digital Corp (WDC): Pure Value, Anyone?

Major U.S. refiner Valero Energy Corporation (NYSE:VLO) surged 50%, and yields about 2.3%. Valero Energy Corporation (NYSE:VLO) is poised to benefit from the proposed (and controversial) Keystone XL Pipeline, and has been investing in railcars to help bring in crude from inland fields. Some worry about proposed legislation to reduce corn ethanol production, as Valero is a major producer of it, while others worry about a narrowing price gap between foreign and domestic crude. Valero has also partnered with Darling International Inc. (NYSE:DAR) on a renewable diesel business using animal byproducts. The stock has an attractive forward P/E of about five.

Xerox Corporation (NYSE:XRX), meanwhile, gained 19%. With a forward P/E near seven, and a 2.5% dividend (hiked by 35% earlier this year), the stock seems a solid value. Xerox Corporation (NYSE:XRX) has been retooling itself in recent years, aiming for higher margins, and it’s already generating more than $2 billion in free cash flow annually. It now gets a big chunk of its revenue from services instead of hardware, including some long-term government contracts. Xerox recently bought a digital education company, too, boosting its training business.

The big picture
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The article Pure Value, Anyone? originally appeared on Fool.com.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, holds no position in any stocks mentioned. The Motley Fool recommends Darling International. The Motley Fool owns shares of Darling International and Western Digital.

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