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: Michael who wrote (66)	10/28/1999 3:46:00 PM
From: Herc	Read Replies (1) of 77

Way to stick your neck on this call, Mr. Hymowitz. Turning what corner? The company probably has the biggest discrepency between growth rate and multiples of any company listed. <<Robertson Stephens Upgrades AN to aLong-Term Attractive Rating October 28, 1999 02:57 PM SAN FRANCISCO--(BUSINESS WIRE)--Oct. 28, 1999--Robertson Stephens Senior Automotive Services Analyst Jordan Hymowitz today upgraded AutoNation AN to a Long-Term Attractive Rating from a Market Performer. The company, headquartered in Ft. Lauderdale, Fla., is the largest-franchised-auto dealer in the U.S. and operates the largest rental-car company in the U.S., with $3 billion in revenues and a 20 percent domestic-market share. "We are upgrading AutoNation to a Long-Term Attractive rating from a Market Performer rating," said Hymowitz. "We believe the company is turning a corner, focusing on improving each division and defining each division's value proposition. We believe it is time for investors to take another look at the company and see if these trends continue.">><<

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