a margin call.I am a PBY holder and own-we ask
thimple quethon? I get attack by a vowy mithewable guy.I
will wepeat the quethon? Thould I buy, thell, or
hold??? I wonda if twicky d ith woothing hith ath on
PBY??? I have neber heard anyone talk with thuch
eyeisinside...obviously you are a zoner. Do you
remember how quiet the "Chief" deal was, and how mgmt said
no more acquisitions after they did Auto Palace and
Truck Pro one right after another. Don't think for a
minute that they would sit by and let a bargain like PBY
get snatched by another competitor if it can be done
by AZ without costing a ton of cash on remodels, and
closings. I for one hope that this is only a rumor and does
not happen. I still have headaches from the Chief
There is no buyout in the works. AZO has their
sites set on the core business of selling parts and
cleaning up their operations. There is NO INTEREST in any
more aquisitions this year. That is unless it is a
VERY WELL KEPT SECRET in the big M town.
The takeover will start as a hostile one, then
evolve into a "friendly one" as PBY's board of directors
realize that it is their job to enhance shareholder value
and encouraging a buyout is really the only
alternative they have at this juncture. Look for Autozone to
offer a stock swap deal which gives each PBY
shareholder the right to receive shares of autozone which
equates to about $22 per share.
If Autozone does initiate a takeover,
Three Brothers that got us into this mess
to approve of it.
A couple of years ago there
was a poison pill
passed, that increases the
number of shares
automatically in the case of a
FMR corp., according to a SEC 13G filing made on
9/10/99, has just increased its stake in Pep Boys to over
10% of the total outstanding shares. They now own
5307605 shares. This is a good confidence builder to say
Another eight bucks off the price of this stock
and I'm IN....
Only then will the P/E and
other fundamentals be reasonable for a retail/service
outlet such as PBY....
My prediction .... $7 and
change by early next year! A golden opportunities for
those who short.
Keep going (down)