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Strategies & Market Trends : Value Investing

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From: Paul Senior	10/21/2014 4:12:40 PM
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PBY: Pep Boys. Added a few shares to my tracking position. Reversion-to-mean. I assume stated bv holds up and that stock will once again (as it has for the past ten years) trade at 1x bv. (now at about .8). finance.yahoo.com CEO recently resigned. New ceo might be better for the company. Otoh, new ceo might also make substantial write-offs, thus dropping book value and harming my reversion-to-mean idea.

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