hausenpepper

Pep Boys: Insanity Dominates the Share Price

I have went ahead and looked at PBY. I got caught in a value trap like this in Circuit City. Problem is that the company hasn't posted a positive profit in over 3 years. Sure, they have 445m on their books to continue to burn through, but add in an artificial dividend ( paying a dividend when the P/L is red ) and you don't have a business which is that impressive. I agree that its way oversold. Liquidation value should be better than this market cap, but I digress - this is not some amazing company. Get a cost cutter in there with a plan for profits then its a strong buy, else you might have a value trap...