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Pep Boys - Manny, Moe & Jack Message Board

  • daninfw04 daninfw04 Jun 9, 2008 4:10 PM Flag

    Up Day Tomorrow!

    The forces of nature have been aligned. Short interest just out is the highest in well over a year at almost 8.5 million shares or 17% of otstanding. This would take 28 days to cover based on current average volume, up from 18 days two weeks ago. Any positive surprise such as actual profit, not 3 cent loss, announcement of a share buyback, another large sale-leaseback, better than expected sales or gross margins could pop PBY to $11-12 by week end IMVHO. It is way oversold with expectation of a disaster tomorrow. I don't see it. I travel a lot and every PBY I've been by has been packed in the service center but soft in retail. I just bought a set of tires at one and had to come back three times because they were so busy. True story. DaninFW

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PBY
10.98-0.06(-0.54%)Jul 11 4:04 PMEDT

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