Dorman Products: Benefiting from Auto Parts Retailers' Recent Market Performance [View article]
2 1/2 months later, I maintain my target of 16 (well at least 15). The Q1 report was excellent, and the single analyst rightly increased his estimates for 2009 and 2010 (to the 1.20 that I had suggested for 2010 as a matter of fact from 1.05 before). The most important news was that they reduced inventory dramatically while preserving margin.
Four Ways to Profit From Tight Auto Lending [View article]
I missed one - CRMT. After reviewing it, I added it to my portfolio today. Long story short: Small-town used car seller that provides financing, 17% insider ownership, essentially funded internally, low debt to cap, seem to know what they are doing... Oh yeah, trades at tangible book value...
Four Ways to Profit From Tight Auto Lending [View article]
I wanted to correct a statement regarding ACF as "the only pure-play". There are two companies that have market caps of about $31mm that I missed: CPSS and UPFC, both of Orange County
Dorman Products: Benefiting from Auto Parts Retailers' Recent Market Performance [View article]
Four Ways to Profit From Tight Auto Lending [View article]
Four Ways to Profit From Tight Auto Lending [View article]
Auto Parts Retailers: The Short Case on O'Reilly [View article]