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Pep Boys - Manny, Moe & Jack Message Board

  • schwadva schwadva Jan 6, 2013 8:37 AM Flag

    Mario Gabelli likes pep boys and I like it too

    This stock will and must go higher ! Let me tell you why ! Insiders are loaded with inventories of PBY and they will rise price to unload their stock ! When prices were dropped sharply in may-june , fear of loosing trigger massive selling in PBY , and insiders bought !!!! Now after nine month holding time , when they can sell with long term capital gain tax bracket --- you count one month at a time and this will happend in march and in april in may 2013 this stock PBY will be at 15 or even 20 level !!!
    You can do it too -- buy when they buy and sell when they sell -- and you can also make long term gains , instead of short term gains ! Do this like I said and you will go a long way winning in the market.

    Sentiment: Hold

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    • I read that PBY recently hired the Mullen ad agency. I went to their website and it looks like they might have the chops to turn this stale brand around. Good luck to them, and the longs.

      Sentiment: Buy

    • The problem is Gabelli is not an insider and the real insiders that have traded the stock in the last 6 months have sold, not bought.

      That said, I kind of want more exposure here. My last buy was $8.91 after selling some at $15 and $11.75 prior to that.

      Not really looking for $20 but $13-14 is a reasonable 12-24 month target.

      My expectation is they will again try to dress it up & sell it so its just a matter of how long it will take for that to happen and for a 3rd party to get comfortable making a bid after the last bidder backed away.

      What keeps me from buying more is the lack of real insider buying.

      Being a large holder does NOT make Gabelli or anyone a real insider. It just means they have to report like one.