Seeking Alpha

Pep Boys (PBY) fell 12.5% in AH trading after announcing its planned sale to P-E firm Gores...

Pep Boys (PBY) fell 12.5% in AH trading after announcing its planned sale to P-E firm Gores Group has been called off. The press release offered little by way of explanation, though Gores hinted earlier this month it was souring on the deal after a "serious deterioration" in PBY's business. Gores will pay Pep Boys a $50M breakup fee.
From other sites
Comments (2)
  • kwm3
    , contributor
    Comments (2443) | Send Message
     
    peter lynch would be amazed... this was one of his favorite and most profitable.
    30 May 2012, 05:54 AM Reply Like
  • $CLU
    , contributor
    Comments (208) | Send Message
     
    Considering Autozone and O'Reilly revenue and EPS growth, how can Pep Boys follow of trend of EPS loss and revenue of -2% YoY since the year 2000? Something is wrong in the company. If the store idea is correct (assuming from the above examples it is) then this would be a good acquisition given that executives are replaced and the management is overhauled. Otherwise, let it die.
    30 May 2012, 09:27 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs