This is a good stock to keep an eye on . Larry Castellani which sits on the board of directors for advance auto parts purchased 200.000 shares. He also took advance public , and stock prices went through the ceiling and then split. what intrigues me with this is that Darren Jackson the new ceo of advance auto was with BestBuy . I wonder if they know something we dont.
Just FYI. Castellani is simply a part of the Freeman Spogli group that has taken HGG public and did so at AAP. He is one of their watchdogs in this case. Their MO is to buy, build up the value as quickly as possible, then sell. Jackson is just a coincidence. Sure does not seem that this (HGG) is going to plan (Freeman Spogli) due to the softness in the economy in general and consumer electronics in particular. Things has best change for the better or the employees will feel some real pain. These guys are ball busters.
The ideal location for the distribution center for Florida would be near the Georgia/Florida border.Im sure we could get a better deal in a interstate competitive situation than in central Florida.Again the logistics would favor the inevitable northerly expansion.
From Florida ,you can only go north.Ive seen nettalk saying the required warehouse will be in central Florida.It makes more sense to have it further north where land is cheaper and closer to future store locations.But what do I know?