Thursday, May 24, 2007
Stocks to Watch: MONRO Muffler & Brake
OK, admit it, when you start hearing terms like dividend, fiscal or gross margin, you start to drift off. But, buried in some of these news releases and reports there can be some interesting facts, figures and industry insight.
Take for instance Monro Muffler and Brake. Since they are a public company, they have to be up front with the numbers. In their 2006 annual report, they try to explain profits and losses, while make "forward looking statements" like:
"...customers do purchase more undercar service during the period of March through October than the period of November through February. In the tire stores, the better sales months are typically May through August, and October through December."
"We have entered into various contracts with parts suppliers that require us to buy from them (at market prices) up to 100% of our annual purchases of specific products including brakes, exhaust, oil and ride control products. These agreements expire at various dates through March 2010."
They must be doing something right. This week the stock split.
Even if you are on the lowest rung of the automotive repair business, reading these reports can help you to make the right move in the future.
Investor Page: Monro