PBY announced another sale-leaseback yesterday.....$5.1 million for just one location......more than paid cash for the 10 store chain they just bought. Sold my 20,000 today at $10.11 that I bought at $9.35 and $9.45.........waiting for it to drop again. IR guy back in the office next week so I think roadshows if that's what's driving it up will be over tomorrow......if any scheduled. This stock is making me rich.......DaninFW
Pep Boys has sold its building at 3904 Concord Pike in Wilmington, DE, to local investors for $5.15 million, or about $258 per square foot.
The 19,950-square-foot auto repair building delivered in 1982, and was remolded in 2005. It is in New Castle County Delaware. Pep Boys will continue to occupy the property on a 15-year, triple-net leaseback with four five-year options
Just wanted to add that even though I am out of PBY stock today, I am trading it so I may be in and out constantly. However, I am holding as a passive investment $200K face of PBY bonds bought at $410 a bond in January 2009 and now at $920 a bond.....over $100K profit to date not counting $15K annual interest I get for next few years. That's why I still post.....just full disclosure. DaninFW
Everything I have learned is self taught. I don't think I've ever read a book on bond trading. I can't remember which, if Forbes or Fortune, I think Forbes has a section, sometimes two, where the best bond traders recommend certain bonds each issue. I have gotten a lot of good ideas from that. Secondly, like stocks, only buy companies that you have researched intensively. I never buy a stock or bond that I haven't researched and followed for at least 6 months. The best money to be made is junk bonds, but a LOT riskier, but I determine their underlying assets and assume what I would get even if they go into bankruptcy. Good luck. DaninFW
Have been holding PBY since it exploded a few months back and made a decent profit. I appreciate your posts and read them carefully. Have you ever been approached to manage other people's finances? You could make a lot of people a lot of money and keep a cut for yourself...
I appreciate the kind thoughts. I am retired and actually next 3 days staying here at the Hyatt San Antonio Wild Oak Ranch resort....<GGG>. I believe that to whom much is given, much is required so I like to help young investors as they enter the fray. I have 2 sons and a son-in-law with MBA's that work for 3 of Wall Street's top firms.......they get paid for it.....well.....I might add. Thanks. DaninFW