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Motorcar Parts of America (MPAA +12.1%) gained ground today after announcing it's cutting its...

Motorcar Parts of America (MPAA +12.1%) gained ground today after announcing it's cutting its losses on Fenwick Automotive Products/Introcan, which it bought two years ago. Fenco will now be a separate company, likely to file for bankruptcy, and MPAA has written it off. Fenco, which cost $5M, cost MPAA a $6.9M operating loss in FQ3.
Comments (1)
  • johnrriggs
    , contributor
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    Is it possible that a buyer will come and purchase the assets of Fenco out of bankruptcy? How about A-1 Cardone Industries in Philadelphia, PA.?
    12 Jun 2013, 12:52 PM Reply Like
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