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Pep Boys - Manny, Moe & Jack Message Board

  • martha_on_the_ragg2 martha_on_the_ragg2 Jan 29, 2007 4:53 PM Flag

    PBY's Land Overvalued

    You all may want to discount any grandiouse thoughts of lots of real estate value.

    Just visit a Pepboys and see the damages in the parking lots of those who did chnage their oil right there without an oil pan.

    Naturally there are not puddles to behold right now (maybe). The oil sinks into the asphalt and down into the soil and further toward the water table.

    To get an EPA clearance to sell that land, there are many dollars worth of mitigation coming into the equation.

    Believe me after the great fall, Exxon will buy this company and it will be at a discount from the overvalue of right now.

    And go ahead and believe that this is a great company and that paying a dividend when there is no earning from which to pay it is just fine.

    If you don't see the light now, you'll just have to have the train hit you for this observation to sink in.

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

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