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Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)
APR-01
Daily News, New York, Guerrilla Investing Column.
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Daily News, New York, Guerrilla Investing Column.
Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News) Publication Date: 30-APR-01 |
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COPYRIGHT 2001 Daily News
Byline: Peter Siris
Apr. 30--LAST MONDAY, I laid out a series of reasons why investors should buy auto retail stocks. It was a pretty good call. AutoNation was up 12 percent, Sonic Automotive 21 percent, Lithia 17 percent and United Auto Group 54 percent. I felt pretty smart. Except for one thing: I had owned Lithia for two years and Sonic for one, and the stocks had acted like dogs the whole time.
There were no takeovers. Profits hadn't improved, indeed they'd shrunk. So why did these stocks that had been dogs haive a sudden leap? The answer has a...
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Daily News, New York, Peter Siris Column.
April 30, 2001
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