Anyone who has ever had to get their car repaired is probably familiar with Monro Muffler and Brake (MNRO). The ~830 store $1.6B market cap chain takes care of muffler, brake and undercarriage problems on cars as well as dealing with tire issues. In theory, Monro's business is a good one, and the stock ought to be a winner for investors. Unfortunately for investors though, Monro's stock is looking very pricey just when the firm is about to start facing a significant headwind.
Ever since the Great Recession consumers have been putting off buying new cars in favor of getting their old cars repaired. Of course, as cars get older they naturally need more repairs and more expensive...
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