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Pep Boys - Manny, Moe & Jack Message Board

  • lagunadan92677 lagunadan92677 Sep 28, 2005 10:18 PM Flag

    Market Fluctuation

    I think I read someone's message about this being nothing but market fluctuation. I've been trading this stock off and on for over 20 years. In the past, whenever the stock price was floundering, somehow rumors began to be spread that the company might be bought out. One time, it would be Sears, the next, it would be Ford. The funny thing is that the following time it would be Sears again. As a store manager for 9 years, we would laugh at how predictable the rumors were. I always figured that Mitch was involved. Anyways, the recent surge in both stock price AND volume makes me wonder whether some group or fund is actually buying a stake OR if someone has been spreading rumors again. Be careful! Although $12 seems like a low price for this stock, you have to keep a close eye on the trailing and estimated PE. Fund managers do, which is why I'm doubtful that someone would want a stake in PBY at this particular moment.

10.01+0.31(+3.20%)Nov 21 4:02 PMEST

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