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Pep Boys - Manny, Moe & Jack Message Board

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  • They had sent a number of offers including $10 oil changes and free gift cards to the first so many customers. Now they say its for one store.

    Dear Valued Customers,

    We are celebrating a Grand Opening in our Charlotte, NC stores this weekend and unfortunately, the informative email about the event was sent to customers outside that area. Those offers are only valid as a part of our Grand Opening Event at the Charlotte locations. We sincerely apologize for any confusion and would like to offer 15% off any service or retail purchase on your next visit at Pep Boys.

    Sincerely,

    Ron Stoupa,
    Chief Marketing Officer, Pep Boys

  • Reply to

    Elio to Partner with Pep Boys

    by md.cohen Aug 19, 2014 9:40 AM

    Oh MY! Old news is so exciting, not!

  • Elio is a new three wheel compact being manufactured in Arizona. It'll get 74 MPG. Pep Boys locations are going to exclusively function as Elio Motors service centers.

    Sentiment: Strong Buy

  • Reply to

    GAMCO Selling at $11.36

    by daninfw04 Jul 6, 2014 10:11 AM

    I cannot necessarily argue that. My point is even if they don't ever get bought out at $13-14......there are those that think they will. The value of their real estate makes a firm bottom. Great trading stock. You don't buy PBY because of competent management and BOD's. They just use as their own personal ATM machine. DaninFW

    Sentiment: Strong Sell

  • Reply to

    The PBY near me closed

    by smaycs4 Aug 6, 2014 2:22 AM

    You will see the write down of acquisition cost, conversion costs, closing costs etc. in the quarter it closed in. This is one of the reasons they seldom meet EPS expect as they are always overpaying for assets and hving to write them down to current value.....in this case zero. DaninFW

    Sentiment: Strong Sell

  • Reply to

    GAMCO Selling at $11.36

    by daninfw04 Jul 6, 2014 10:11 AM

    They were buying at lower prices too.
    Not sure they are upside down.

    Im not.

    I last bought at $10.06 5/1/14
    I last sold at $13.49 3/21/14

    I kind of want more exposure here but the lack of insider buying keeps me from paying up.

    They will eventually get taken out for $13-14 so anyone who buy at todays prices ($10.81) will do well.

    I mean, if it takes 2-3 years to make 20.2-29.5%, that's not too bad.

  • Theres another one about 8-10 miles away but the one that closed was maybe 2.5 miles away.

    I noticed it about 2 weeks ago. It was just a tire store, oil change type place. No parts. A former big 10 tires.

  • Reply to

    GAMCO Selling at $11.36

    by daninfw04 Jul 6, 2014 10:11 AM

    GAMCO every week in Barron's makes the list of schedule 13 filings. Last week they bought 3 million+ shares of a stock for $6.47-$6.50 that had an approved buyout offer of $6.50. The week before they bought almost 6 million shares for $24.97-$25.10 of a company with an approved buyout of $25..........a month or so back they bought millions of shares of Tyson for more than the final buyout price. GAMCO got stuck with PBY during the previous buyout and stock dropped $3-4 before they could get out. They are just trying to prop up the price till they can get out. They are currently underwater on their investment in PBY. DaninFW

  • Reply to

    GAMCO Selling at $11.36

    by daninfw04 Jul 6, 2014 10:11 AM

    The trade it while increasing their position. No big deal.

    The big deal is they keep increasing their stake. That means they are bullish.

  • With so many fine companies paying around a 3% dividend, its so sad to see this firm in such bad shape in a thriving economy unable to payback the shareholders anything.
    If only there were strong leadership.....

  • Reply to

    bash and buy

    by shorthighcoverlower Jul 16, 2014 11:41 AM

    I hope you know me better than that after years of posting. I have ALWAYS bashed PBY whether I was buying or selling. It's the constant rumors of buyouts since early 1990's, the every once in a while glimmer of hope when they beat expect, the $9-10 value of real estate per share, etc. that causes it to move up and down in a narrow channel. If you look back 3, 4, 5 years ago, we are in the same price channel as then.......$9-11......nothing ever changes.......until they replace management and get some people on the BOD's that don't use it as their personal ATM machine. An absolutely great trading stock. I'll get in again in high 9's perhaps $10 and change for trading not investing. Not to mention their business model is broken and current spoke concept just cannibalizes existing stores which puts constant pressure on comps. They always favor the service side and let retail drown. I have given many scenarios to save this company. One would simply be to split company into a retail side and service side and sell surplus real estate. They could also divide up their behemoth locations into two businesses and lease or sale surplus space. Their retail stores are almost twice the size they need to be. They are cavernous. I could go on but nothing ever changes. DaninFW

    Sentiment: Strong Sell

  • good information as usual Daninfw04. You are absolutely right, if somebody wants to buy shares, they want to drop in price so they can get a better deal. They might want to talk it down-sort of a bash and buy tactic. On the other hand, when you are trying to sell, it is more of a pump and dump mentality. I think you are hoping PBY drops again so you can load up. Maybe your bearish commentary is a classic example of "Bash and buy"!

  • An analyst over at Seeking Alpha just raised his target price 9%, from $11 to $12

  • Gamco had a breakdown of the recently reported increase in PBY shares of 311,625 shares......which included selling almost 60,000 shares. GAMCO bought PBY shares up to $11.21 but sold shares as high as $11.36. They even sold a few at $9.72 but bought as low as $9.80. They are manipulating this stock whenever they can. A great trading stock but you don't want to be holding when they decide it's time to get out. Every week Barron's reports big increases and decreases in holdings and PBY's is in there every week with one company or another. Last week they reported buying more Hillshire shares at prices even more than the final buyout price. They were trying to increase the buyout price and it didn't work out for them. Be very careful if you are trying to invest based on GAMCO. This has been true of them for well over a decade. DaninFW

    Sentiment: Strong Sell

  • Reply to

    Gabelli is at 14.67% with todays 13d

    by smaycs4 Jun 27, 2014 3:34 PM

    good stuff for sure.

  • Reply to

    Gabelli is at 14.67% with todays 13d

    by smaycs4 Jun 27, 2014 3:34 PM

    12.65% was reported in Sept, 2013
    13.65% was reported in Jan., 2014
    14.67% was reported in Jun., 2014

    There seems to be a trend here.

  • Not sure what it was last time.

  • Reply to

    Tire Margins

    by daninfw04 Jun 20, 2014 9:12 AM

    That's what I have said many times. DaninFW

  • Reply to

    Tire Margins

    by daninfw04 Jun 20, 2014 9:12 AM

    the value is in the real estate. breaking out the real estate in a REIT and charging rent will max value. that way they can close losing operations. they could also do leverage buy-out with the increase in commercial real estate.

  • "The rapid rise in oil prices bodes ill for this entire sector. Rising gasoline prices makes drivers cut back on driving which cuts back on repairs, oil changes, etc. Oil is also the main ingredient in the manufacture of tires. Rising oil prices will negatively hit tire margins which PBY's is already struggling with. The margin improvement promised in last conference call will not happen. Here's a cut and paste. Anyone can goggle "rising oil prices and tire margins"..........when the smart money figures this out, PBY is going to drop:
    "he demand of oil and the difficulties in oil refineries is the major cause for the increased oil price. Oil is used mainly for two purposes: Firstly, to make the gasoline and secondly in tire production. The gasoline prices in the US have increased dramatically during the last few years reaching averages over $ 3.00 per gallon (EIA-Energy Information Administration). Oil is the major ingredient in the production of tires. Increased in oil prices means increase in the cost to make the tires, increase in the cost to heat or cool the plant where tires are made and lastly increase in the cost to ship the tires. The tire makers are increasing the price of the tires because of the increase in the price of the oil. Both gasoline and tire production affects the auto industry as the increase in the price in gasoline and tire production affects their profit margin." DaninFW

    Sentiment: Strong Sell

PBY
11.50+0.04(+0.35%)Aug 22 4:04 PMEDT

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