If I was Bezos,.....F Whole Foods. I would have bought one these. Either AZO, AAP, or Orly.... and put the other two out of business. Waaaaay more money in this sector. The distribution networks are already in place and outstanding in their efficiencies... if Amazon wants a brick and mortar presence to accentuate and add to its online juggernaut status.... this would have been money better spent. Dummies.
So new car sales have fallen off a cliff. Used car sales are being buoyed by sub-prime loans. And yet..... the three major U.S.auto-parts retailers are all in the toilet. That should not be. Our markets are driven solely by consumer spending. This (auto repair/aftermarket parts) sector is about as good of finger on the pulse of Main Street as you can get. A harbinger of reality here? The house of cards is showing cracks for those that know where to look. Something wicked this way comes.
@vanzandt nice call on AAP. the long puts that I was bidding 2.7 last week (did not get filled) opened at 5.3 today.
And here we are...5 Months later.... The easy money has been made. Earnings before the bell tomorrow. No way they miss. Let em run.... Gold Jerry.... gold.
I had calls months ago when $500 held, was going to get back in on that $540 pullback but it's $200pt run to over $700 today is beyond impressive. I was thinking of going short at that $700 level but since I try to avoid earnings I didn't. The thing could get back to it's $800 level. If you got any of that congrats...I was out at $510-$515 area when it bounced between that and $495/$500. All 3 were money!