Fri, Dec 19, 2014, 10:21 AM EST - U.S. Markets close in 5 hrs 39 mins

Recent

% | $
Quotes you view appear here for quick access.

Pep Boys - Manny, Moe & Jack Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • lagunadan92677 lagunadan92677 Nov 2, 2012 2:07 AM Flag

    AAP up for sale

    No one wants to buy PBY. The only prospective buyer in the last ten years, The Gores Group, backed out. During that period, no one else showed any interest.

    The Blackstone Group chose to pursue AAP rather than PBY. PBY's desperate and constant search for a buyer is well known throughout the financial world. There will be no knight in shining armor for PBY.

    Anyone who believes PBY will be bought out does not understand business and finance. These are the people who bid PBY up 5% today.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • PBY is a stronger company today--mainly by a $50 million cash infusion resulting from the Gore cancellation and a series of cost cuts that went into effect six months ago. They won't be taken out at $15, but $11 to $12 is a very strong possibility.

      • 1 Reply to bluebloodedtrader
      • Think about it. The reason that PBY received $50 million is because the ONLY buyout offer in over 30 years was nullified when The Gores Group got cold feet.

        Once again, PBY's failed attempt to sell itself all these years is well documented as is Gores Groups' preference to give up $50 million rather than own PBY.

        PBY has to prove itself through it's earnings, either by meeting or beating expectations for at least four quarters, before they would even be considered as a takeover target.

 
PBY
9.365-0.055(-0.58%)10:21 AMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.