3309 Drysdale Ct
Edwardsville, IL 62025
There was no one there with 40 sales offices and only 5
customers in them. They had over 500 cars as inventory. They
offered me 1400.00 more than the next closest. So they do not
really know the market. Their profit margin is about 2percent. They
have 18 million in debt and they pay CEO 13 million and number 2
about 3 million. It is a dying business in general especially with
high lending rates too.
WOW, that's new news to me, and good to know that, lets
see how high they will bounce her for the next reshort! ridiculous
compensation being paid to CEO .Its really not a good time to
be buying cars when discretionary income maybe shrinking
over the winter holidays.
I'm still short it.
I reshorted KMX at 64.80 a few minutes ago. good
tks, Fredsaid, let me know when you cover, hoping it hits 62 or
I covered the rest at 62.95 and sold my puts too. We may get
some market relief from CPI tomorrow but will put my short on
again. KMX should report about Dec 26 area.
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