Penske Automotive Group, Inc. (PAG)

All Comments on PAG

  • commenter
    Saj
    Aug 07 04:16 PM
    My Website
    Auto Retailers' Ability to Pay Debt - What It Means [view article]
    Hi Falcon,

    Regarding Buffett and Carmax, I'd encourage you to check out this article over at Fortune: money.cnn.com/2007/11/...     Reply
  • commenter
    falcon2382
    Aug 07 02:23 PM
    Auto Retailers' Ability to Pay Debt - What It Means [view article]
    when you see deep pocketed insiders scooping up tremendous numbers of shares as is the case with Auto Nation (with Bill Gates recently purchasing the equivalent of 5% of the company and Eddie lambert's stake now up to 44% after purchasing nearly 10 million shares during the past 6 months alone), I don't think it is that difficult to find the one or two golden eggs on this list above. The others might even be short candidates as they don't have a chance against the experience and money managing skills of Lambert, Jackson, and Gates (and others) at Auto Nation, and Buffet helping out at Karmax. The implied guarantee that these individual investors have given the company by putting their money where their ideas are is powerful, indeed. Reply
  • commenter
    billddrummer
    Jul 24 04:08 PM
    Auto Retailers' Ability to Pay Debt - What It Means [view article]
    The Lithia stores in my market (Northern NV) are taking steps to reduce expenses--combining/el... district level supervision (instead of separate dealership managers, one 'area manager' will now supervise 5 stores), relocating dealerships in poor locations (a store with poor access and low traffic counts is moving to a street with the highest surface traffic counts in town, at cheaper rent) and the like.

    How long that takes to show up in interest coverage remains to be seen. But at least management isn't asleep at the switch.     Reply
  • commenter
    eva
    Jul 24 01:28 PM
    Auto Retailers' Ability to Pay Debt - What It Means [view article]
    Good aproach, but still used car dealers sound very risky. For instance, who ever have a large proportion of SUB's and large pick-ups (gas gustlers) are in great disadvantage because they will not sell unless a real big discount is offerred... Reply
  • commenter
    maelstrom
    Jul 24 12:56 PM
    Auto Retailers' Ability to Pay Debt - What It Means [view article]
    The problem with used auto dealers is that every week the cars are worth less and a slow market compounds this. The wholesale auction prices fall an the ripple efffect is started Reply
  • commenter
    d2cold
    Jul 10 05:42 AM
    More Replacement Tickers for Reshaping David Merkel's Portfolio [view article]
    wouldn't SKM fit in the 'cheap for Korea' mold? Reply
  • commenter
    CoverMe
    Apr 29 12:43 AM
    Asbury Auto: Outstanding Yield Makes It a Bargain - Barron's [view article]
    I appreciate your article, I'm a "newbie" investor and your insights are always appreciated. However, even with a .15% decrease in guidance, ABG has missed earnings estimates for the past three quarters.

    That being said, the stock is up more than 7% today.

    Could you (or anyone else, really) take a moment to explain a little more fully... (be sure to talk slowly and use small words) because I'm surely not "getting it." Seeing the chart take a long slide, losing about 50% of its' value since its' high in April a year ago, makes me wonder if a bet on ABG is a bet on the overall market having "bottomed" rather than a bet on the company itself.

    The dividend is pretty, but looking at the chart, I feel like there are much better places to park my money that are going to do better than 5.9% over the next year (although the CFO said they "could" support the dividend... who says they actually will?). Again, I'm not getting it, but there's apparently something that everyone else IS getting.

    Thanks again, and thanks in advance for any comments.     Reply
  • commenter
    SeekingAlpha
    Editors
    Apr 06 05:17 AM
    My Website
    General Discussion on PAG
    Is this a buy or a sell? Reply
  • commenter
    NYWS
    Jan 19 09:16 AM
    8 Balance Sheet Accidents Waiting to Happen [view article]
    FUN has had flat attendance and continuing bad press. Paramount Parks integration is drawing complaints from former seasons pass holders die to high prices. They are pricing themselves out of the market. Reply
  • commenter
    Northeast
    Jan 17 12:52 PM
    8 Balance Sheet Accidents Waiting to Happen [view article]
    Fun will do fine. THere is a VERY SMALL group of people in Ohio that might boycott, but its doubtful that they spent more then it cost for a season pass in the parks anyways. IF more people might have gone to Geauga Lake then it would not have had to close. Reply
  • commenter
    Veritas
    Jan 04 04:30 PM
    8 Balance Sheet Accidents Waiting to Happen [view article]
    FUN may take an attendance hit in 2008 due to sustained bad PR. It has received constant bad press in Northeast Ohio, a key market for its flagship Cedar Point, after closing 120 year old Geauga Lake park without notice before the end of the season despite its previous public denials of closing rumors.

    Look for the backlash to widen if the 1925 Big Dipper, 12th oldest roller coaster in the world, is destroyed. The preservationists have already attracted national attention.     Reply
  • commenter
    Jackls
    Dec 30 11:02 AM
    8 Balance Sheet Accidents Waiting to Happen [view article]
    Right on w/PAG. Trouble looming! Reply
  • commenter
    bncoleman719
    Jun 25 05:18 PM
    Ford's Inventory Mix: What the Heck is a 'Crossover' Vehicle? [view article]
    ALL automotive manufacturers have too many different models, none of which meet the real "needs" of the consumer. The reasons consumers buy most things is appearance and one-upsmanship. Rarely does logic apply. We are a nation of sheep. You can tell us anything without question and you can sell us anything without question. The SUVs are trucks prettied up. Their interior space is often less than a large sedan. With all seats full there is little room for groceries for 2. That's OK so long as you look like your neighbors. Some of the really small SUVs look like toys or throw-away vehicles. People die in those things even if a large dog runs into them.

    Get down to business and cut the crap about crossovers and truck verses car platforms. If one needs a truck, one should buy a truck. If you do that then you are back to business - making cars and trucks.     Reply
  • commenter
    Paul Meisel
    Jun 25 11:15 AM
    Ford's Inventory Mix: What the Heck is a 'Crossover' Vehicle? [view article]
    "While more crossovers are likely to hit the market, I will continue to encourage automakers to avoid the temptation of "product proliferation." The more you try to splice the market to meet the individual wants and needs of consumers. The more investment that is required with lower returns."

    True, but if you can do proliferation more cheaply (I think Chrysler is the leader) then you get more customer market penetration with reasonable investment.

    I used to have arguments like this with my dad all the time (he wasn't sure why the 50s Ford Station wagons weren't still in production, along with the Studebaker Hawk, the Avanti, and the Checker.) He said "why do you make all those models" and I said "Because people buy them, Dad..."

    George's remarks highlight the difficulties of segment analysis. I think to be really accurate you have to do it by model, trended in monthly data over several months (I am quite sure that is how George does it internally).     Reply
  • commenter
    eponymousLTC
    Mar 29 03:20 PM
    CarMax's Earnings: Seven Auto Retailers, Seven Comparison Metrics [view article]
    That's an excellent analysis. Great job! Reply
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