What the hell is going on?
Look:
http://finance.yahoo.com/q/bc?s=PBY&t=1d&l=on&z=m&q=l&c=mnro,mds,azo,aap,orly
The earnings release was good, but not great. The conference call was okay but nothing earth shattering. The other guys in service and parts have had good/great results but we are killing them in our recent performance.
Okay, we're undervalued in terms of book value. I've noticed that inflation hedges are doing well lately and PBY is the only company of the six which is a genuine inflation hedge because of its heavy real estate portfolio.
Nevertheless, it doesn't seem to explain (at least to me) this terrific performance of late.
Are we back to buyout rumors? Is that the cause?