Pep Boys (PBY) Automotive Parts and Accessories Message Board

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Non-Tech : Pep Boys (PBY) Automotive Parts and Accessories

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To: d-fndr who wrote (20)	9/10/1997 1:25:00 PM
From: sea_biscuit	Read Replies (1) of 116

RE: 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 happens, then I'll get out -- immediately! I read in a recent article (in Morningstar?) that Huizienga has pretty much messed up with any industry that he has bought over the past years. Besides, he doesn't appear to be a straightforward guy to me. His blustery style makes me think that he will not hesitate for one moment before screwing the small share-holder, if that is what he thinks needs to be done. Pep Boys has been a "dividend achiever" over many years and has an A+ rating from S&P. If it is facing any trouble right now, I think it would eventually be able to get out of it on its own. Value Line agrees with this and has targeted a stock-price of $80 for the years 2000-02. But if Huizienga gets in, then I'm out of here! Dipy.

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