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Pep Boys - Manny, Moe & Jack Message Board

  • bluebloodedtrader bluebloodedtrader Feb 4, 2009 11:06 AM Flag

    company will be sold

    it is inevitable-PBY will be sold to a competitor or a private equity firm..Its pieces are worth more than its whole.

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    • Being in the support office I hear this all the time. Who exactly is the buyer? This idiot Board of Directors has sold real estate to buy back shares (since folks like barrington and Pirate wanted in an out for a quick flip - that did not work). Much of the remaining real estate has little value and might not cover the debt. I remember that one of the previous CEOs told us at a support office meeting that although they had hired an investment bank it was highly unlikely that PBY would be bought because the retail guys didn't want service and the service guys didn't want retail.