Autonation AN on the NYSE Message Board

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Non-Tech : Autonation AN on the NYSE

AN 199.87

+2.1%

Oct 31 9:30 AM EDT

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To: Daniel Chisholm who wrote (63)	10/15/1999 12:44:00 PM
From: Herc	Read Replies (1) of 77

I appreciate your research and did read it in its entirety. I think the main reason AN's stock has done so poorly is that they bought out the car dealers with their stock which the car dealers sold. On the other hand, AN can now buy back these shares at 1/2 to 1/3 of what they paid the dealers. The most recent downturn could be due to interest rate worrries. But cars wear out, and if folks can't buy a new car then they can buy a used car. AN sells both. Also, until they sell their car rental companies, they can make money off their cars thruout the product cycle. They can sell to the rental companies, make money off the rentals, then sell them as used cars. I see lots of money in all this. Plus they have an internet presence. Plus they're buying back their shares. It may not go up a lot, but it's safe. If I make 10% in a week, I'd be delighted.

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