LAD/Auto retailers. Anializer, I sold LAD and have it on my watch list now. I believe I should have been a more patient holder, or more adept in trying for a reentry. Based on metrics I'm using for this business, $12 should be achievable for LAD, now at $10.90.
GPI has reported a good quarter based on good used-car sales. After the stock scooted up, I made a partial sale. Then added to my largest position in the sector, Penske (PAG). (GPI, like LAD, still somewhat undervalued, imo, -- just in this stock market, kind of lost my confidence for holding on to everything when I saw what looked like a chance to sell something.) Lastly, I am holding shares in Sonic, SAH. |
