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

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To: allan jay who wrote (52)11/14/1997 4:27:00 AM
From: d-fndr  Read Replies (1) of 116
 
I think it needs to trade at a discount to the industry p/e, whatever it is. I haven't researched it lately, but I'm thinking 15x trailing is about all it's worth. (my recollection is that it's "normal" low end of multiple was about 18--with a high end of about 28--but I suggest you do your own research on those numbers).

After 3 quarters of missing estimates, I don't see it moving much until it produces solid earnings for 2 qtrs. As I said in my earlier post, at least he didn't blame it on the weather.

Interesting that service revenue is up; my personal experience with PBY service is poor.
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