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Pep Boys - Manny, Moe & Jack Message Board

  • Patrick_91403 Patrick_91403 Apr 9, 2008 12:20 PM Flag


    It is my belief that most investors didn't buy PBY for the dividend. With the economy in shambles why use the money in other areas where it would bolster PBY. Now is not the time to try untested ideas. Customer Loyality, Employees and debt should be at the core of what I believe the Dividend could be spent on.

    What do you think Martha?


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    • Well little Patrick, it is very true that PBY should not be paying a dividend.

      They have insufficient earnings to pay it out of. In fact they have no earnings at all. In the last 12 months PBY has lost 79 cents per share.
      Good management does not try to pay a dividend when there are no earnings from which to pay it.

      And why try untested approaches?
      Just return to the tried and true approach of the past -- provide good reliable service at a very reasonable price and don't play games with the customers minds.

      Patrick is very quiet on the performance of the boy wonder Jef who was claimed to walk on water and enbarked to save the company with a positive shake up.

      A year plus later -- nothing.

      A complete failure.

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