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Monro Muffler Brake: Auto Repair Sector Winner

The stock of auto parts chain Monro Muffler Brake (MNRO), first discussed here on March 27, 2009 at a split-adjusted price of $17.33 ($26.01 pre-split), pulled-back in the winter to $33 from $36, but I still like the business model.

Even so, if you haven't already, now may be a good time to consider taking some profits off the table, if you're in at/near $17 with MNRO.

However, those investors who can tolerate the risk can retain their full position to go for an even bigger gain with MNRO.

Continue reading Monro Muffler Brake: Auto Repair Sector Winner

Monro Muffler Brake: In the Auto Repair Sweetspot

Monro Muffler/Brake (MNRO) logoThere are plays that work out, and then there are standout plays. In December 2010, Monro Muffler Brake (MNRO), announced a 3-for-2 stock split, which brought the trade's entry point down to $17.33 ($26.01 pre-split).

Meanwhile, auto repair chain Monro remains on a roll: the shares pulled back following the split, but have since recovered some of the ground, to about $33, and now may be a good time to consider taking some profits off the table.

Continue reading Monro Muffler Brake: In the Auto Repair Sweetspot

Monro Muffler Brake: Well-Positioned for the Auto Repair Era

trafficTalk about good timing. A year ago the calculation with Monro Muffler Brake (MNRO), first discussed here on March 27, 2009, at a price of $26.01, argued that the auto repair sector would do well because many Americans can't afford a new car, basically.

And auto repair chain Monro has been on a roll since then, recently testing $50, hence now may be a good time to consider taking some profits off the table. However, those investors who can tolerate the risk can retain their full position to go for a bigger gain.

I'd also raise the sell/stop loss to $37 from $17.

Continue reading Monro Muffler Brake: Well-Positioned for the Auto Repair Era

Monro Muffler Brake: Ride the Auto Repair Wave

In stock investing, there are those era-appropriate plays that one intuitively knows contain an opportunity, and Monro Muffler Brake (MNRO), first discussed here on March 27, 2009 at a price of $26.01, continues, is one.

It goes without saying that the auto repair sector's fundamentals and economic conditions remain favorable for MNRO.

Pinched budgets and a high U.S. unemployment rate above 9% point to new car sales that will not return to normal levels any time soon, which means many Americans will be driving their 5-year and 8-year used cars longer, and that means increased maintenance, to Monro's benefit. Ditto for the trend toward used car purchases instead of new car purchases, which many Americans can't afford right now. Therefore, look for Monro's revenue to increase 12-15% in 2010, followed by a 15-20% increase in 2011.

Continue reading Monro Muffler Brake: Ride the Auto Repair Wave

Monro Muffler Remains in an Uptrend

The uptrend for Monro Muffler Brake (MNRO), first discussed here on March 27, 2009, at a price of $26.01, continues. It goes without saying that the auto/vehicle repair sector's fundamentals and conditions remain favorable for MNRO.

Pinched budgets mean new car sales will not return to normal levels any time soon, which means many Americans will be driving their 5-year and 8-year used cars longer, and that means increased maintenance: to Monro's benefit. Ditto for the trend regarding used car purchases instead of new car purchases. Hence, look for Monro's revenue to increase 10-15% in both 2010 and 2011.

Continue reading Monro Muffler Remains in an Uptrend

Monro Has the Right Parts at the Right Time

Monro Muffler Brake Inc. (MNRO), first recommended on March 27, 2009 at a price of $26.01, has pulled-back in recent weeks, but investors should view the retreat as a Buy opportunity, and I'm obviously Reiterating my Buy rating. Here's why:

The auto/vehicle repair sector's fundamentals and U.S. economic conditions remain favorable for MNRO. Pinched budgets mean new car sales will not return to normal levels any time soon, which means many Americans will be driving their five-year and eight-year used cars longer, triggering increased maintenance transactions, to Monro's benefit. Ditto regarding the trend toward used car purchases instead of new car purchases, which many Americans can't afford right now.

Continue reading Monro Has the Right Parts at the Right Time

Monro likes the U.S.'s used car trend

One U.S. sector should fair reasonably well in just about any economic climate: automotive undercar repair and tire service, which is why I'm Reiterating my Buy rating for Monro Muffler Brake Inc. (NASDAQ: MNRO), first recommended on March 27, 2009 at a price of $26.01.

Monro's stock has not progressed as much as expected when first recommended in March, but the sector's fundamentals and U.S. economic conditions remain favorable for MNRO. Pinched budgets means new car sales will not return to normal levels any time soon, which means many Americans will be driving their five-year and eight-year used cars longer and needing increased maintenance, to Monro's benefit.

Continue reading Monro likes the U.S.'s used car trend

At Monro, they won't give you a brake, but they'll sell you one

It goes without saying that the U.S. stock market remains loaded with risk: due diligence and discretion remain the operative words.

Still, that's not to say that opportunities do not exist for investors who can tolerate moderate risk. One sector that should fair reasonably well in just about any economic climate: automotive undercar repair and tire service. And with that in mind, Monro Muffler Brake (NASDAQ: MNRO) is worth a review.

Continue reading At Monro, they won't give you a brake, but they'll sell you one

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Last updated: May 27, 2012: 04:56 AM

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