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11
member
10/22/09 3:02PM
RE: Author Exit Recommendation
10
It appears that the market is discounting US SAAR in the neighborhood of 13M units in 2010. I'll take the under, so the risk/reward of this idea has changed sufficiently such that I think selling
The Big 3 represent about 1/3 of AN's business these days, and all of the dealerships are in urban markets. If the bankruptcies had a major economic impact such that annual vehicle sales plummeted,... login to read the rest
lewis530,
In general, I think all the publicly traded auto dealers are inexpensive. I like AN the best for one major reason, capital allocation. The company targets a 15% after tax return hurdle for... login to read the rest
lewis530,
In general, I think all the publicly traded auto dealers are inexpensive. I like AN the best for one major reason, capital allocation. The company targets a 15% after tax return hurdle for... login to read the rest
It is my opinion that P&S will do reasonably well in a downturn. F&I is a tougher call. Nobody would argue that we're witnessing peak performance of the dealership business in CA and FL... login to read the rest
abra399,
I left out a comparison to other publicly traded dealers because I think it is difficult to do effectively. Let me explain. AutoNation is the largest dealer in the U.S. and based on new vehicle... login to read the rest
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