Mark Krieger

2009 Depression Will Be Nothing Like 1929

jonny: Don't remind me--it was a terrible call and I lost my shirt on the trade. It wasn't my first bad trade nor will it be my last/ I think the whole market could see a dose of profit taking tomorrow so I could see a bit of relief. By the way- Kudos to you for the great writings you produced via your comments on this platform. I wish I had just 10% of your abilty to produce the persuasive engaging,articulate arguments you contributed--you really lit up this board and I appreciate it as it helped the article's popularity. Keep up the good work!

2009 Depression Will Be Nothing Like 1929

Negative sentiment is at all time highs. If you are a contrarian, this sets up a nice buying scenario. Usually the crowds are wrong and are akin to the herd being led to slaughter.I guess what I am trying to say, is don't get caught up in the fear thing-this noise clouds your mind from rationality and objectivity.Be greedy when others are fearful and fearful when others are greedy--how else are you supposed to buy low and sell high?

2009 Depression Will Be Nothing Like 1929

The markets go in extremes in both directions. This irrationality provides ample opportunity for the prudent investor to exploit, either by opening a short position or a long one. it's typical herd behavoir, and those who have the insight to avoid that dangerous mentality will prosper. Disclosure: Long BRID, PBY and IPSU, Short: AMZN

2009 Depression Will Be Nothing Like 1929

You guys are getting a bit sidetracked..the article was also meant to demonstrate how good AMZN is as a "short play"---The stock plummeted almost 5% today despite the Dow ending up in the green.

Dismal Economy Propels Auto Parts Retailers: Is Pep Boys Last to Follow?

YHOO Finance's site indication of a -.89% profit , represents operating margin ( profit after Selling, Genral & Administrative costs are taken out). My figure is computed only by taking cost of goods sold from revenues. The $300 million credit line was extended to PBY just last month, and is in addition to the $320 million dollar debt they have already borrowed.The Banks would not be offering a new loan to PBY if they were not confident about being repaid.The dividend is still not an issue, PBY's free cash flow is still high enough to cover it.

Pep Boys' Cost-Cutting Needs to Go Further

PBY is vulnerable to a hostile takeover atempt. plan and simple!!!

Pep Boys: A No Brainer Takeover Target

it is not a off balance sheet financing. The real estate is listed on the same balance sheet as the debt. The real estate value is listed on the asset section of the balance sheet at cost less depreciation. Cost does not reflect market value, in fact all of PBY's real estate has appreciated tremendously, but this appreciation is not reflected on the balance sheet. There is about $1 billion of real estate value waiting to be unlocked through additional sale lease backs--the balance sheet shows an entry of $173.1 million under the liability section of the balance sheet--this entry is listed as "deferred gain from asset sales"--it is cleaverly hidden, but it represents the amount PBY has garnered in it monetization of its real estate assets..


On Jan 23 12:12 AM User 342877 wrote:

> They are bringing in cash to pay off bonds through sale-leasebacks.
> Isn't that just off balance sheet financing? Would a competitor want
> to buy PBY with all the off balance sheet financing through operating
> leases? As of their last 10-k PBY had 584m in operating leases.