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 : Keystone Automotive -- Ignore unavailable to you. Want to Upgrade?


To: NOXQUSE who wrote (6)10/14/1999 9:27:00 AM
From: Tom Reck  Respond to of 7
 
Thanks for the clarification.

I was wondering about exactly what percentage of Keystone's business was in "replacement parts", as defined in the lawsuit. I think the annual report says that 87% of "replacement parts" are linked to insurance claims. Like you say, that may be a far cry from 87% of their revenue.

Also, Keystone's news release that other insurance companies are holding their ground is very welcome news.

This may very well be a buying opportunity. It will be interesting to see the effect of Keystone's announcement on today's market action.