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Pep Boys - Manny, Moe & Jack Message Board

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  • martha_on_the_ragg2 martha_on_the_ragg2 Apr 4, 2002 5:52 PM Flag

    Great Relative Strength

    Just look at his this turkey is sinking back down �..exactly as I advised you all that it would after Mitch sold off his stock.

    See how much lower it is from the price that Mitch (stupidly, I might add) had the company buy the stock back off the market in the now infamous Dutch Auction.
    (He had the company take out a loan to fund the buyback----exactly the wrong thing to do).

    Just hope you all followed my advice to have gotten the top dollar (about 16.50) while it was available and run away fastly.

    I chuckle endlessly when I see posts of great optimism about how this stock will gone on to 40 (just read the last few weeks worth of cheerleaders).

    Remember who is in charge (Mitch)�.. and never doubt for a minute that he is an idiot.

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