January Effect 2001 Message Board

STOCKTALK

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Strategies & Market Trends : January Effect 2001

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To: Bob Rudd who wrote (66)	12/20/2000 12:17:25 AM
From: Q.	Read Replies (2) of 289

GPI popped up in another screen, after I eliminated tech stocks. They operate a bunch of car dealers, with sales of over $3 billion annually. The stock has declined quite a lot: finance.yahoo.com They recently announced that they expect to meet estimates for 2000 but not for 2001 due to declining new auto sales. p/e is about 4.6. They are leveraged with debt/equity of 2:1, and profit margins are razor-thin. I didn't know that car dealers had such low margins. Institutions own 47% of the float.

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