Seeking Alpha

Mark Krieger » Comments » ORLY

  • Pep Boys: Stock Is Still Cheap [View article]
    PBY is definitely ramping up its advertising endeavors. I have seen a huge increase in radio and print advertising the last three months also. This is a good sign. The company is fianlly getting serious about juicy up revenues.
    Apr 05 11:03 am |Rating: 0 0 |Link to Comment
  • Dismal Economy Propels Auto Parts Retailers: Is Pep Boys Last to Follow? [View article]
    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.
    Feb 23 08:32 am |Rating: 0 0 |Link to Comment
  • Pep Boys' Cost-Cutting Needs to Go Further [View article]
    PBY is vulnerable to a hostile takeover atempt. plan and simple!!!
    Feb 04 22:25 pm |Rating: 0 0 |Link to Comment
  • Pep Boys: A No Brainer Takeover Target [View article]
    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.
    Jan 23 09:00 am |Rating: 0 0 |Link to Comment
More on ORLY by Mark Krieger
Comments by Ticker
Mark Krieger's
Comments Stats
108 comments
Rating: 9 (35 - 26 )