Dave Rottman

MNRO has continued to roll along. Same-store sales have grown modestly and the company has completed sizable acquisitions (including locations in California [outside their core geography in an effort to expand], […]

After only a brief period, AutoNation replaced the new CEO, Carl Liebert, with Cheryl Miller. Miller was the CFO for the past 5 years and has been with the company for 5 years before that in management […]

AutoNation just released a statement saying that Mick Jackson will step down from his role as both CEO and chairman to just chairman in 2019, and then he will step down as chairman in 2021.

I consider this […]

CMPR’s FY 2018 Investor Day was yesterday. They provided useful information for assessing the product economics at Vistaprint, a topic discussed in the article and our discussion earlier this year.

What stood […]

MNRO reported Q1 FY2019 results today.

Of some interest is the announced partnership with Amazon whereby MNRO will install AMZN tires. Management discussed this possibility last fall, but after the announcement […]

Hi Saurav,

Thanks for the comment.

The difference between $120M and $217M is $97M of floorplan interest expense. If you read a few paragraphs above where I do that calculation, you will see that I account […]

Great write-up Geoff. This is a really interesting stock.

After coming up with a value for the real estate, should you not adjust the gross value downwards to account for income tax on the net gain? This seems […]

Hi Trey,

Thanks for sharing your thoughts.

We may be using the phrase value trading a little differently than each other, but what you said makes sense to me.

The way you described that a trader expects […]

Hi Clay,

Thank you!

I have not looked at commercial truck dealerships in any detail. I did take a quick look at Rush’s 2017 10-K this morning and P&S represents an even larger chunk of gross profits than P&S […]