SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Pep Boys (PBY) Automotive Parts and Accessories
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John L. who wrote (19)9/4/1997 4:40:00 PM
From: d-fndr  Read Replies (1) of 116
 
That's a realistic possibility. I can tell you that there is very close collaboration on the PBY/AutoNation joint effort right now. However, I believe it'll be six months before the jury returns on whether the arrangement is working. If it doesn't work, Huzienga may decide he wants the assets and put his own people into management, hence, the buyout scenario. If it does work, I wouldn't see a buyout anytime soon, but in that event, the stock would move up on fundamentals anyway.

In the meantime, I wouldn't expect much if any movement from the stock. Note how much it's moved in the face of two buy recommendations this week....

I bought at 29 and change earlier this year; rode it up and then hit the brick wall with everyone else. I liquidated at 26 this week because, as I explained in my last post, PBY is dead money for at least the next six months. I put the proceeds into IOM and have already recouped my losses.

These are just my opinions. Hope that people stick around the thread. I'm going to keep watching the PBY story to look for signs their new plan is working; I just don't think there's any rush to put new money in.

Frankly, the biggest problem I have with the company (and I believe the co's biggest probliem) at this point is that my wife and I have consistently experienced lousy, lousy service at multiple PBY service locations. Only because we had the stock did I keep trying their service. They just don't treat their customers very well.

Good luck if you're in.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News