A columnist for the financial website says the failed buyout of the home of Manny, Moe and Jack doesn’t mean the automotive services and parts supplier doesn’t have a fair amount of value. Pep Boys has a hefty market share in its home territory of the Delaware Valley.
Assets includes ownership of a lot of real estate and the fact that people hang on to their cars for a long time these days.
Click below for a link to the aticle
Pep Boys: One Man’s Loss Is Another Man’s Gain – Seeking Alpha.
