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Pep Boys - Manny, Moe & Jack Message Board

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  • lagunadan92677 lagunadan92677 Oct 7, 2005 3:38 AM Flag

    Which why did they go?

    This post is in reference to the recent stock price fluctuation. I agree that the comments about "Something big" happening were premature and without merit. As I said earlier, I've watched the stock for over 20 years and it's more predictable than some think. My take on the sudden surge in stock price AND volume is simple. Pep Boys buys back it's own stock, and obviously they will do so when the stock trades at it's lower range. With a small stock float, it doesn't take a lot of trading to get the price changing. As the stock price AND volume start to pick up, some investor's start to jump on the band wagon. With a non-existant trailing PE and an estimated future PE of 50 or 60, NO fund manager in their right mind would touch this stock. I'm quite certain that it was PBY repurchasing stock, and they did so before the ex-dividend date. (They are saving on the dividend payout this month) The earnings per share will be increased also with fewer shares outstanding. There will be no buyout or anyone looking for a stake in the company. There are plenty of other stocks with strong earnings to choose from. This stock will be range trading until there is a significant change in earnings.

 
PBY
11.84-0.10(-0.84%)Sep 3 4:02 PMEDT