Motorcar Parts of America Inc. (MPAA)

[littlefish]

The deal certainly increased their footprint but looked like they sorely underestimated the inherent probs that may come from a merger/buyout short term and overestimated the revs.
CEO mentioned all the 'synergies' they should enjoy going forward but I am pretty cautious on this one at this point mainly because of the revs shortfall (not to mention margins deterioration).

The recent financing on the surface doesn't look like they got the best interest rates in the world on the term loan given great interest rate environment and maybe hints at some of the risk to their model with the acquisition weight on the balance sheet. but at least interest rates remain low for now.

I haven't dug into it in awhile though and don't have a position right now.

Mostly concentrating on rental real estate right now. Good luck!