Roger Knights

Pep Boys' Cost-Cutting Needs to Go Further

PS: Here's a factor that should help PBY's sales: The on-going shut-down of auto dealerships. As their repair facilities are taken off the market, some of their customers will be diverted to parts retailers like PBY. (I haven't seen this consideration mentioned yet.)

Pep Boys' Cost-Cutting Needs to Go Further

I think the BW author MAY have mistaken PBY's sale/leaseback of 23 of its stores as a store shut-down operation. (If he was correct, it wouldn't have been very important, in light of the large number of locations PBY operates. It would actually have been a smart cost-cutting move.)

Pep Boys: A No Brainer Takeover Target

With gas down, people are driving again, but they aren't buying new cars. So PBY's next earnings report (in March I think) should finally be in the black, because sales should improve. If it can continue to bring in cash to buy up its bonds, that should show that it is survivable on its own, and needn't accept a low-ball offer. So I hope it waits awhile until selling.

Auto Parts Retailers Outperform

Here's a link to a late-October Seeking Alpha article on another beaten-down auto-parts retailer, titled "Pep Boys: Insanity dominates share price":

seekingalpha.com/artic...