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Pep Boys - Manny, Moe & Jack Message Board

skepticpencil 4 posts  |  Last Activity: Dec 3, 2014 6:59 PM Member since: Nov 7, 2000
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  • skepticpencil skepticpencil Dec 3, 2014 6:59 PM Flag

    Correction: First line should read: " ...just days before reverse stock split's anniversary." Doh!
    It's probably more coincidental than it is "interesting" anyway.

    Sentiment: Buy

  • Interesting that this stock is hitting multi-year highs just days prior to the reverse stock split. Momentum traders seem to be on it now, as it hit a 52-week high. On top of that, there was a recent filing showing that Gabelli Partners now has a 3 1/2% stake in MAG. Gabelli's is one of the best, and people in the know, know that. A bit more volatility going forward. Good luck longs. At least my 3 shares, LOL, have tripled in a couple of years.
    For those who don't know, Magnatek was a division of Litton Industries until it split off about 10 years ago. I'm not sure how they do now, but I believe that Litton used to be a titan in aerospace, shipbuilding, and other sectors related to the defense industry.

    Sentiment: Buy

  • Reply to

    Had this at $21 sold it at $18

    by fastball.98mph Nov 22, 2014 11:19 AM
    skepticpencil skepticpencil Nov 28, 2014 12:11 PM Flag

    Don't feel all alone in the world, I sold most of my MAG a couple of years ago. Liked the company but got PO'd that they divested out of the solar business that they had. That was one main reason that I bought them in the first place. I was shocked this morning when I looked in a basically dormant account that I have 3 shares in, and saw that it was over $40. I thought my eyes were playing tricks on me, or they did another 1/10 split or something. Oh's not the first time I've made an investment mistake. Good luck, longs.

  • skepticpencil by skepticpencil Sep 22, 2014 1:29 PM Flag

    While I was in my local Pep Boys getting some tires put on (bought elsewhere), I noticed that there were new things happening in the store, a new feel, if you will. Mostly it was the fact that there was an upper-level-manager-type walking around the store, checking if customers were being helped. There was a free diagnostic thing going on in the parking lot as well. I don't know how it worked out, but I just sensed that somebody is pushing for changes at the company. So, after selling a couple of years ago at around $15 and change, I've decided to take another small position in PBY. They can compete with ORLY and AZO, but they've got to be more aggressive and portray a more modern image. Maybe they should change the look of Manny, Moe, and Jack to match the times? Change them every 6 months or so. Get them some tattoos, etc. Maybe even change their look for the seasons. Have fun with them. Anything to differentiate. If they insist on keeping MM&J, make them interesting. Make them fashionable. Good luck, longs.

    Sentiment: Buy

9.46+0.04(+0.42%)Dec 19 4:06 PMEST

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