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Pep Boys - Manny, Moe & Jack Message Board

  • scooterreturn scooterreturn Jun 20, 2009 9:35 PM Flag

    Pepboys is a Hermaphrodite ...

    Parts, Tires, and Service all under one roof. That's
    why nobody has taken us over or will. Monroe would love
    to own the service but has no idea what to do with parts.
    Autozone and many others would love to own the parts side
    but want nothing to do with service. We would have been
    bought out at $ 3.00 a share 6 Months ago. Pep stock is
    worth around $ 12.00+ per share in Real Estate and assets.
    The current management is also selling property off as fast
    as they can ??? No raises for anyone in the stores ???
    No 401K match for store employees ??? Someones pockets are
    getting full again, They all saw Jeff Rachor's hit and run ...

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Bingo -- you got that right.

      Yes Jeff sold off store property, took the bonus for doing so, and then quit and ran away like a bandit.

      The shareholders just stood there with their mouths hanging open -- they were soooooooo screwed over.

      All the hoopla about how valuable the property is, its clear that top management just sees it all as the assets to be liquidated to fund their bonus plan.

      What a bunch of schmuks the shareholders are.
      They deserve all the disrespect Pepboys management gives them.

      • 2 Replies to martha_on_the_ragg2
      • Pepboys Management did beat the stockholders and now are they beating the frontline employees ??? I don't mind not getting a raise, and 401k cuts as long as it is
        reinvested in PBY to make a stronger company. If the Board, Upper Management and/or Mike take the employees money and run, I will be forced to call the
        L.P./ Asset Protection Alert
        Line.

      • Pepboys Management did beat the stockholders and now are they beating the frontline employees ??? I don't mind not getting a raise, and 401k cuts as long as it is
        reinvested in PBY to make a stronger company. If the Board, Upper Management and/or Mike take the employees money and run gain I will be forced to call the
        L.P./ Asset Protection Alert
        Line.

 
PBY
8.88+0.02(+0.23%)Feb 27 4:04 PMEST

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