Geez! Todd will have to bring his lunch when he gets into that conversation!!
No, those are very valid questions. I have as yet, not received the package from Todd. I was told they are doing the acquisition in a combination of stock and cash. With the emphasis on stock. They have 11.2 million outstanding, but there is 50 million shares authorized. Which, as long as they continue to increase earnings, kinda gives them a license to print money. Stock holders should do well, as long as they get the new dealerships at a reasonable cost. And, for them to do well, they really need to get the float up above 10 million.
They have 7 peers, KMX, XC, GPI, LNTR, UARG, RII and one other.
I am going to listen to the conference call this next week, hoping to learn a lot from that.
See ya,
Jack |
