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David Crosetti
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I was born and raised in California. I worked in the family business for a number of years and then decided to spread my wings and try working for someone else. My first significant job was with Frito Lay. After a stint in the salty snack business, I transitioned to the beverage industry,... More
  • Callahan Auto Parts Offering IPO: American Made Brake Pads 27 comments
    Mar 31, 2014 10:49 AM

    Introduction:

    In the stock market, one of the most intriguing events is when a private company takes itself public. The term used for this event is "IPO" which means, "initial public offering." This week, an automotive parts company is going to go public and this opportunity is one that you will not want to miss out on.

    Background:

    This company was founded in 1955, when returning war veteran, Thomas "Big Tom" Callahan Jr. started Callahan Auto Parts in Sandusky, Ohio. Sales have grown year over year and when the founder of the company passed away, it looked like the end had come to Callahan. The company, it seems was on the verge of bankruptcy and faced a hostile takeover fight by the senior Callahan's wife, Beverly, who was attempting to sell the company to Ray Zalinski, the self-proclaimed "King of Auto Parts."

    Issues and Opportunities:

    In order to save the company and keep Callahan Auto Parts running, Thomas "Tommy" Callahan III stepped into the breach and went on a whirlwind sales adventure to sell Callahan brake pads.

    Thomas Callahan III is a graduate of Marquette University and has been the driving force behind the company's explosive growth, along with his "right hand man" Richard Hayden who oversees the day to day operations at Callahan Auto Parts. Callahan's wife, Michelle is the President of the company.

    The turn around event in Callahan Auto Parts history came when Callahan was able to save the company when he landed a contract with Ray Zalinski, for 500,000 Callahan brake pads.

    Looking Forward:

    Callahan Auto Parts has prospered ever since and while financial information about the company is not readably available, I was able to get a look at revenue growth over the last five years.

    Callahan Auto Parts, Sandusky, Ohio:

    (click to enlarge)

    The IPO for Callahan is being underwritten by Goldman Sachs and the stock will be priced in the $20-$25 range.

    The company will trade under the ticker symbol: CAPS and will be sold on the Nasdaq exchange.

    Contact your broker today and put your money on Callahan Auto Parts tomorrow, April 1st, 2014. You won't regret your decision for a moment.

    (I have been advised that my made up symbol for Callahan Auto Parts was in fact an actual company. I regret any confusion regarding that error on my part. There is no IPO for Callahan Auto Parts. This is an April Fools joke.)

    Dave

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Comments (27)
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  • ryanb
    , contributor
    Comments (3) | Send Message
     
    Haha, love it! Tommyboy is one of my favorites.
    31 Mar 2014, 10:53 AM Reply Like
  • David Crosetti
    , contributor
    Comments (11905) | Send Message
     
    Author’s reply » Here's the way I see it, Ted. Guy puts a fancy guarantee on a box 'cause he wants you to feel all warm and toasty inside.

     

    Dave
    31 Mar 2014, 01:17 PM Reply Like
  • David Fish
    , contributor
    Comments (8620) | Send Message
     
    Are we talking about Pop-Tarts now?
    31 Mar 2014, 05:27 PM Reply Like
  • jculley
    , contributor
    Comments (426) | Send Message
     
    Awesome!
    31 Mar 2014, 10:55 AM Reply Like
  • David Crosetti
    , contributor
    Comments (11905) | Send Message
     
    Author’s reply » I swear I`ve seen a lot of stuff in my life, but that... was... "awesome."

     

    Dave
    31 Mar 2014, 01:40 PM Reply Like
  • SaltyDog62
    , contributor
    Comments (791) | Send Message
     
    April Fools!!!
    31 Mar 2014, 10:58 AM Reply Like
  • David Crosetti
    , contributor
    Comments (11905) | Send Message
     
    Author’s reply » Holy Schnike!

     

    Dave
    31 Mar 2014, 01:48 PM Reply Like
  • Tradevestor
    , contributor
    Comments (4130) | Send Message
     
    I stay away from IPOs but this is an endorsement from one of my favorites on SA. Debating...

     

    And what are the odds of this being an April fools prank :) LOL. Very high :)
    31 Mar 2014, 10:58 AM Reply Like
  • David Crosetti
    , contributor
    Comments (11905) | Send Message
     
    Author’s reply » How do you know the guaranteed fairy isn't some crazy glue sniffer. He sneaks into your house once and that's all it takes. Next thing you know, there is money missing off your dresser and your daughter is knocked up! I've seen it a hundred times.

     

    Dave
    31 Mar 2014, 01:34 PM Reply Like
  • Tradevestor
    , contributor
    Comments (4130) | Send Message
     
    LOL, Thomas, Beverly, Big Tom. Who are the other characters, Dave ? Zalinsky, Michelle, Ted, Ron ?
    31 Mar 2014, 01:46 PM Reply Like
  • Norman Tweed
    , contributor
    Comments (7480) | Send Message
     
    Dave Crosetti--I like your endorsement and the story behind the IPO. I'll watch the stock and see where it goes. CAPS
    31 Mar 2014, 11:32 AM Reply Like
  • David Crosetti
    , contributor
    Comments (11905) | Send Message
     
    Author’s reply » Norman:

     

    I can get a good look at a T-bone by sticking my head up a bull's ass, but I'd rather take a butcher's word for it.

     

    Dave
    31 Mar 2014, 01:22 PM Reply Like
  • David Fish
    , contributor
    Comments (8620) | Send Message
     
    Ooooo...a stock symbol that's an actual word! (I love those!) I could put it in the portfolio with FISH and PLOW and BOOM and all the rest...;)
    31 Mar 2014, 11:48 AM Reply Like
  • ExoticAnimal
    , contributor
    Comments (45) | Send Message
     
    Someone should make a comedy film based on this IPO...
    31 Mar 2014, 12:54 PM Reply Like
  • Dividend Watcher
    , contributor
    Comments (507) | Send Message
     
    I think Chris Farley already did:

     

    http://imdb.to/O94pyt

     

    Hence the comment above.
    31 Mar 2014, 01:40 PM Reply Like
  • Ed's Stock Engineering
    , contributor
    Comments (56) | Send Message
     
    You know, a lot of people go to college for 7 years...
    31 Mar 2014, 01:04 PM Reply Like
  • David Crosetti
    , contributor
    Comments (11905) | Send Message
     
    Author’s reply » Ed:

     

    I know, they're called doctors.

     

    Dave
    31 Mar 2014, 01:21 PM Reply Like
  • heglimp
    , contributor
    Comments (611) | Send Message
     
    DC,

     

    Where and when I got my engineering degree, it took a minimum of 181 hours to get a BS and MS Engr. diploma. For some people working their way thru college it would probably take about 7 years to get the BS and MS!!!!!!!!!!!!!!!!!!!
    1 Apr 2014, 01:21 PM Reply Like
  • Smarty_Pants
    , contributor
    Comments (2977) | Send Message
     
    Dave, I'm picking up on your sarcasm (you're laying it on pretty thick).

     

    Hmmmmm, let's think about this for a minute ...

     

    With my cat-like speed and reflexes I think I'll be able to snap up some shares in this worthy IPO. After that we'll be co-shareholders and we'll be doing lots of dumb stuff together. Wait 'til Christmas.

     

    If not, I'll just yank the wheel into a Gosh-Darn bridge abutment. (Sonova ... that's gonna leave a mark!)
    31 Mar 2014, 02:28 PM Reply Like
  • David Crosetti
    , contributor
    Comments (11905) | Send Message
     
    Author’s reply » Smarty:

     

    Who's your favorite Little Rascals character?

     

    Mine's Alfalfa.

     

    Dave
    31 Mar 2014, 02:34 PM Reply Like
  • Smarty_Pants
    , contributor
    Comments (2977) | Send Message
     
    I hear that Calahan is running a one day IPO special.

     

    Buy some new brake pads and get a bag of peanut M&Ms to put in your dash blower vent. It really ups the resale value of your car.
    31 Mar 2014, 02:57 PM Reply Like
  • Chumpmenudo
    , contributor
    Comments (666) | Send Message
     
    Fat guy in a little coat....
    31 Mar 2014, 04:23 PM Reply Like
  • spielerman
    , contributor
    Comments (243) | Send Message
     
    Tommy:
    What my associate is trying to say is that, uh, our new brake pads are really cool. You're not even going to believe it. Like, um, let's say you're driving along the road with your family. And you're driving along la li la. And then, all of the sudden there's a truck tire in the middle of the road. And you hit the brakes. Err! Whoa, that was close. Now let's see what happens when you're driving with the 'other guy's' brake pads. You're driving along. You're driving along and all of the sudden the kids are yelling from the backseat, 'I got to go to the bathroom, daddy!', 'Not now, damn it!', truck tire, eeeee, 'I can't stop!'. Help! There's a cliff! Aah! And your family's screaming 'Oh my god, we're burning alive!' 'No! I can't feel my legs!'. In comes the meat wagon. And the medic gets out and says, 'Oh, my god.'. New guy's in the corner puking his guts out. All because... you want to save a couple of extra pennies. To me, it doesn't..
    31 Mar 2014, 05:17 PM Reply Like
  • spielerman
    , contributor
    Comments (243) | Send Message
     
    Tommy:

     

    Forget it, I quit, I can't do this anymore, man. My head's about to explode. My whole life sucks. I don't know what I'm doing, I don't know where I'm going. My dad just died. We just killed Bambi. I'm out here getting my ass kicked and every time I drive down the road I wanna jerk the wheel INTO A GODDAMNED BRIDGE ABUTMENT!
    31 Mar 2014, 05:18 PM Reply Like
  • haoleboy1967
    , contributor
    Comments (253) | Send Message
     
    I am going to go long CAPS
    Rumor has it that Tommy had lunch with Zuckerberg last week.
    31 Mar 2014, 05:51 PM Reply Like
  • Dale Roberts
    , contributor
    Comments (5803) | Send Message
     
    That's all I need, I am all in at 9:30 am. Thanks.
    31 Mar 2014, 08:01 PM Reply Like
  • David Crosetti
    , contributor
    Comments (11905) | Send Message
     
    Author’s reply » Dale:

     

    They filmed a lot of the movie in Toronto.

     

    Dave
    31 Mar 2014, 09:24 PM Reply Like
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