Penske Auto Group - Investing?

[Old smart]

An advantage of directly investing in PAG is that they are required to send you (as a stock owner) their investor relations reports - the inside dope on what is really going on, including the smart operation.

[jwight]

From Yahoo!:

Penske Automotive Group Earnings Conference Call (Q4 2007)
Scheduled to start Tue, Feb 19, 2008, 2:00 pm Eastern

Check back at the scheduled start time for
the audio link to appear in this spot.

After the event has finished, the audio will be available
from this page until Fri, Feb 20, 2009

http://biz.yahoo.com/cc/1/89721.html

[maziczone022]

Really Nice Post..................

[CruzinSusan]

Well, that answers some questions.

Tip o' the hat to you, with thanks.

[SmartBob]

Penske Shares Rise on Strong 4Q Results
Penske Rises After Reporting Better-Than-Expected 4th-Quarter Profit, Strong Guidance
February 20, 2008: 06:52 PM EST


NEW YORK (Associated Press) - Shares of Penske Automotive Group Inc. rose Wednesday, a day after the auto retailer reported a fourth-quarter profit that beat Wall Street predictions despite a tough retail environment.

In afternoon trading, Penske shares rose 70 cents, or 3.8 percent, to $19.20. Over the past 52 weeks, the company's shares have traded between $13.57 and $23.21.

Penske on Tuesday released an adjusted fourth-quarter profit that beat average analysts' estimates. Sales rose 6.2 percent to $1.67 billion, while same-store sales _ or sales at dealerships open at least a year _ rose 4 percent.

The company also issued first quarter and full-year 2008 profit predictions that would meet or beat average analysts' estimates.

Wachovia's Richard M. Kwas backed his "Outperform" rating for Penske, saying that the quarter's results support his view that the company is becoming one of the top companies in the auto and discretionary retail sectors.

"Penske has an attractive brand mix and a burgeoning international operation increasing its growth opportunities and mitigating risk," Kwas wrote in a note to investors.

"We believe margins should increase steadily over the next 24 months as the company benefits from recent facility expansion initiatives."

Joseph C. Amaturo of the Buckingham Research Group backed his "Strong Buy" rating and $22 price target for Penske, saying that it may be the only auto retailer poised to post double-digit earnings growth in 2008.

"We continue to believe Penske has the best-in-class brand mix of all of the publicly-traded auto retailers (94 percent import/luxury)," Amaturo said. "In addition, Penske has the benefit of its diverse geographic presence on both sides of the Atlantic (36 percent of international revenue)."

[SmartBob]

They seem to be climbing up now. I hope it continues.

[SmartBob]

Well, I was expecting much more when I invested back in Oct. It went down and still hasn't reached what I payed for it. I had to sell. I need the cash more than the risk right now. I'm still going to keep an eye on it just for fun.