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Non-Tech
Rankin Automotive (RAVE)
An SI Board Since October 1997
Posts SubjectMarks Bans
20 1 0
Emcee:  John Mattessich Type:  Unmoderated
Introduction Compact
What initially got me interested in RAVE is that it was a $24 stock
about 5 months ago, now trades at $4, AND it has a positive EPS. This
could mean it is currently undervalued. It bottomed out a few weeks
back at $3.25.

Here's some backround :
1) They acquire automotive parts stores throughout the mid-South.
2) About 45 stores.
3) IPO at $10 (Nov. 18,1996.)
4) Sales : $10.7M (2Q97) vs. $7.5M (2Q96). (Majority or sales comes
from wholesale selling to auto parts shops).
5) Same store sales relatively flat for 2Q97 vs. 2Q96.
6) EPS : $0.00 (2Q97) vs. 0.07 (2Q96).
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ReplyMessage PreviewFromRecsPosted
20 ET, I think the phrase to use here is caveat emptor. This is one volatile stoC. K. Humphries-3/4/1998
19 john or thread.....i'm considering rankin shares......what do you think????ET-3/1/1998
18 John, The winter is looking rough in the South. Look for a good quarter as a C. K. Humphries-2/24/1998
17 John, I'm real sorry I bought this dog-way down again today. I sold a fewC. K. Humphries-1/16/1998
16 3Q RESULTS ARE IN ! See sec.yahoo.com. Quick Summary : Sales : 9.7M vs. 7.2MJohn Mattessich-1/10/1998
15 Kent : Regarding Hi-Lo Automotive - they merged with Discount Auto Parts, Inc (John Mattessich-1/10/1998
14 John, I heard the report was supposed to come out this week or next. I'm C. K. Humphries-1/9/1998
13 To all: SInce RAVE hit 1 7/8 back on 12/16/97, it's been moving up relativeJohn Mattessich-1/8/1998
12 I guess NAPA is currently king of the hill right now. I would think that at leaJohn Liu-1/8/1998
11 John : RAVE lists the following as among its chief competition : In the profesJohn Mattessich-1/7/1998
10 I gues the big question here is weither RAVE and ACEP can compete with nationalJohn Liu-1/4/1998
9 C.K.: I hope Ricchiuti is wrong about the .08/share in fiscal '98. I wouldJohn Mattessich-12/20/1997
8 John, Thought you might be interested in the IBD article; also an article on RC. K. Humphries-12/19/1997
7 John, Both companies are small floats which certainly adds to the volatility. C. K. Humphries-12/18/1997
6 C.K. : The Parts Source (ACEP) parallels RAVE very closely, as you pointed out.John Mattessich-12/18/1997
5 J Mattessich, RAVE is now down to 1 7/8 and it is curious that nobody seems C. K. Humphries-12/17/1997
4 i also like to take the same approach, or to find co.s w/ascendant technology, Agenda-12/9/1997
3 Jduffy: Firstly, I'm glad to see that someone else is even interested in RAJohn Mattessich-12/5/1997
2 john, i saw this co. on my radar and almost got in @ 4+. look at it now! i haveAgenda-12/5/1997
1 Anyone know why its up over 29% so far today ? JohnJohn Mattessich-11/17/1997
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