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Pep Boys - Manny, Moe & Jack Message Board

  • shorthighcoverlower shorthighcoverlower Jun 6, 2012 7:19 PM Flag

    positive earnings report

    apparentlty the market liked the second Q report, as PBY is up in extended hours trading. The fact that management indicated that they expect to return to profit growth in the third and fourth quarters was what the market wanted to hear. They will be paying down debt, eliminating its pension plan and settling its interest rate swap. In addition, they plan on opening an additional 40 stores.