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PACI: Shareholders will receive a pro rata portion of the net merger consideration (estimated $1.58 per share at closing)
FINRA deleted symbol:
http://otce.finra.org/DLDeletions
Thanks, Icahn came out of the blue or should I say green lol.
$PACI Precision Auto Care Inc..DD...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131737647
RECENT NEWS
Icahn Enterprise buy out
https://www.otcmarkets.com/stock/PACI/news/Precision-Auto-Care--Inc--Enters-into-Definitive-Agreement?id=160892&b=y
I saw that after, thanks for the reply! Damn it got up late this am and missed the news
PACI 1.49 Carl Icahn reached a deal to buy another car-services chain, the latest move to expand the reach of his automotive service network as consumers increasingly turn to professionals to repair their cars.
Mr. Icahn's automotive business said Friday that it would buy Precision Auto Care Inc. for an undisclosed amount and will pair Precision's more than 250 locations with Icahn Automotive Group's 1,000 corporate-owned shops.
Mr. Icahn has been a longtime player in the space and in recent years bought auto parts and repair chain Pep Boys, aftermarket car-parts maker Federal-Mogul Holdings Corp. and auto parts distributor Auto Plus.
Over the past decade, consumers have moved away from do-it-yourself car repair toward professional car-service providers as vehicles become more complex and electronic, as well as decreasing automotive know-how, Icahn Enterprises LP said in its annual report, issued in March.
Last year, the number of vehicles in operation hit a record in the U.S. as the average lifespan of cars continues to get longer, giving a boost to service providers and parts makers working to keep drivers on the road. While some consumers are continuing to repair their cars themselves, they still need to buy parts from auto-supply stores.
Icahn Automotive Chief Executive Daniel Ninivaggi said the deal is the next step in building out its national automotive services network. Privately owned Precision Auto has centers in 26 states, mainly concentrated in Georgia, North Carolina and South Carolina.
Write to Austen Hufford at austen.hufford@wsj.com
> Dow Jones Newswires
June 02, 2017 10:06 ET (14:06 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
I don't have the ability to PM, but if you want to stop by my board I'm sure we can get you going in the right direction.
thanks for your post. yeah its a big market. i would like to see some new revenues from franschising activities:
http://www.franchising.com/pressreleases/15540/
DUBLIN, Aug 06, 2010 (BUSINESS WIRE) -- Research and Markets (http://www.researchandmarkets.com/research/c81015/automotive_repair) has announced the addition of the "Automotive Repair Shops" report to their offering.
The US auto repair shop industry includes about 165,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $85 billion. Major companies include Belron US, Meineke (a division of Driven Brands), Midas, Monro Muffler Brake, and Precision Auto Care. The industry is highly fragmented: the 50 largest companies generate less than 10 percent of revenue.
Estimated Market Cap
$4,639,000 as of Aug 24, 2010
Outstanding Shares
28,993,752 as of Mar 31, 2010
Authorized Shares
39,000,000 as of Mar 31, 2010
Float (shares)
6,682,390 as of Mar 31, 2010
Number of Shareholders of Record
176 as of Dec 31, 2009
Phone: 703-777-9095
Fax: 703-771-7108
E-mail: invest@precisiontune.com
Precision Auto Care, Inc.
748 Miller Drive
S.E.
Leesburg, VA 20175
http://www.precisiontune.com
fully positive since q4 2009. in good shape after the crisis. price @ 0.23x book value. ready for a come back.
comments?
my goal is to spark discussion in this stock such that poeple (including myself) may decide wether its a good buy.
i will attempt to spark interest to anyone willing to share thoughts on this one.
this company is known for its faulty rapid expansion before Mr. Brown's takeover. Now its at it again:
http://www.franchising.com/pressreleases/15540/
Precision Auto Care > You Gotta take care of them >
AP) After years of ceding much of the car market to Asian competitors, Detroit's Big Three are preparing to roll out an array of new autos that they hope will bring buyers back to their showrooms to look for something besides trucks.
General Motors Corp. and Ford Motor Co. plan to unveil new versions of aging or unpopular models at the North American International Auto Show, which begins later this month in Detroit. DaimlerChrysler AG's Chrysler Group will show off a concept car that likely will be the replacement for the once hot-selling Chrysler 300.
The new models, most of which won't debut until next fall, are critical to the survival of their makers, which lost billions of dollars in 2006 as consumers shifted away from trucks and sport utility vehicles to more fuel efficient cars made by the competition.
Perhaps the most important model is the 2008 Chevrolet Malibu, which many industry analysts predict will be good enough to take on the gorillas of the key mid-sized segment — Toyota Camry and Honda Accord.
"The Malibu is one of the most important car launches really in the history of GM," Mike Jackson, GM's vice president for North American marketing and advertising, said in a recent interview. "We think it compares very favorably to Camry and Accord in a very competitive segment."
Analysts say a manufacturer can't survive without a strong mid-sized entry, where Chevrolet, GM's largest brand, has cranked out ugly dogs for years.
But the new Malibu, to be built in Fairfax, Kan., is radically different from the current model, generally regarded as boxy and boring. It has sloping, elegant lines. Its front grille is tough-looking and the tires are pushed to the edge of the fenders, giving it a wider stance.
It's designed to take a chunk of the market from Camry, the perennial top-selling car in America. Through November, Toyota sold 408,906 Camrys, a 2.6 percent increase over strong sales numbers for the first 11 months of 2005.
Although the domestics had trucks and vans on the list, the only car from the Big Three among the 20 top sellers this year is the Chevrolet Impala with 263,708 vehicles sold through the first 11 months of last year . The old Malibu amounted to only 37 percent of Camry's sales with152,465 vehicles sold.
Rebecca Lindland, an auto analyst at Global Insight, an economic research and consulting company, has seen Malibu prototypes. She said its exterior has a more masculine appearance while its interior is more modern and made of better quality materials.
The Malibu shows signs of GM returning to its roots, producing distinctly American cars that touch buyers' emotions rather giving them cheap copies of Toyotas or Hondas, Lindland said.
"GM understands that, trying to go back to appealing to the consumer that really wants the American vehicle," she said. "And there's plenty of them."
The Malibu will come with 2.4-liter four-cylinder or 3.6-liter V-6 engines. GM says both will be competitive with Camry on fuel economy. A four-cylinder Camry gets an estimated 34 miles per gallon on the highway.
GM also says the Malibu will compete with Camry on price, but won't reveal how much it will cost yet. The lowest-price Camry stickers at $18,720.
Jackson said that with the Malibu and the 2008 Cadillac CTS, which also will debut at the Detroit auto show, GM knows it must be best-in-class in looks, fit, finish, quality and performance.
Japanese brands have led in many of those areas for years, with GM contending that the perception still exists even though it has closed gaps or passed Toyota and Honda.
"We do understand that in order to make this new Malibu really a success, we've got to go and really close the gap between perception and reality," Jackson said. "Addressing the perception and reality gap is part of the marketing challenge."
The Malibu marketing campaign will play on consumers' emotions, Jackson said, centering on songs written about Chevrolets.
"People don't write songs about Toyota," he said.
The problem for GM is that Toyota and Honda aren't standing still. Honda is readying a new, futuristic looking Accord, while the redesigned Camry looks far sleeker than its predecessors.
"Toyota is starting to find this out, too, bringing some emotion to their cars," Lindland said.
David Cole, chairman of the Center for Automotive Research in Ann Arbor, said GM is starting to reap savings from building cars out of the same parts and the same way across the globe, and it is investing the savings in product development and higher-quality materials.
He said the changes at GM are pressuring competitors and the Malibu is a symbol of a pending resurgence of GM.
For Jackson, the resurgence will come if he can manage to draw Camry and Accord buyers into his showrooms.
"What we're trying to do is get consumers to take a look at these vehicles," he said.
Does high-octane gasoline provide better gas mileage than regular?
High-octane gas will not give you better gas mileage. It may, however, quiet your car's engine by burning cleaner than regular gasoline. According to the American Automobile Association, only about 5 percent of cars sold in the United States really need to use premium gas. If you've been using high-octane gas and want to save money, buy a tankful of regular and listen to the engine as you drive. If you hear your engine "knocking," go back to premium. If there is no knock, you've found a money-saving trick.
Federal regulations that take effect Monday mandate cleaner diesel engines in new trucks and school buses, dramatically cutting pollution but raising costs.
The new engines, in combination with low-sulfur diesel fuel that began selling nationwide in October, will reduce particulate emissions by up to 98% over the previous generation, the Diesel Technology Forum says. Nitrogen-oxide emissions will fall by half.
But the new engines could add up to $12,000 to the cost of a new big-rig truck, which can run upward of $100,000. In addition, operators fear higher maintenance costs and worse fuel mileage.
"Clean air is not free," says Rich Moskowitz, who handles regulatory affairs for the American Trucking Associations, which supports the transition.
Truckers seeking to beat the price increases made 2006 a record year for truck makers. More than 373,000 big-rig trucks were built in North America, says Ken Vieth of A.C.T. Research, which follows truck sales trends. The tally easily topped the previous record of 330,000 trucks in 1999.
But next year, Vieth predicts "a production drought," with sales falling by more than 40% to 220,000 as trucking firms hold off buying to see how the new clean-diesel trucks perform.
One big maker, International Truck and Engine, built up to 200 vehicles a day during 2006, double the normal rate of production. Only about four years ago, production was as low as 37 vehicles a day because of sagging demand, spokesman Roy Wiley says.
The Navistar unit dealt with the extra orders this year "in an orderly fashion," mostly by having employees work overtime, Wiley says. He says International expects to weather any industry downturn next year with a sales boost from a new fuel-saving model.
One trucking firm delaying purchases is Schneider National, which operates a fleet of 15,000 trucks from Green Bay, Wis. Schneider increased its truck buying in the past three years to make its fleet younger, but will only take delivery of about 1,000 new tractor trucks in 2007, about half its normal replacement rate. Most of the new big rigs will arrive in the latter half of the year, which will "buy us time to understand the technology (to) make sure it's reliable," Vice President Steve Duley says. The company didn't have enough time to conduct long-term tests of sample clean-diesel models to check durability and costs.
The cost to truckers goes beyond new big-rig purchases, according to Moskowitz. The new fuel costs 5 cents to 10 cents more per gallon to refine and may produce lower fuel mileage. The new engines weigh more, further cutting mileage. "Over the long run, their increased costs will be passed on to the shippers and ultimately, the consumers," Moskowitz says.
Press Release Source: Precision Tune Auto Care
Gas Prices May Have Decreased Slightly, But 13 Lucky Winners of 'Free Gas for a Year' Happy to Claim Prize in Time for Holidays
Tuesday November 14, 2:49 pm ET
LEESBURG, Va., Nov. 14 /PRNewswire-FirstCall/ -- Consumers may be victims of the rollercoaster ride with gasoline prices still hovering at an average of $2.20 a gallon according to the Energy Information Administration*, but they are not powerless in controlling their fuel costs. In addition to fuel efficiency tips, Precision Tune Auto Care (OTC Bulletin Board: PACI - News) offered a national sweepstakes this summer in which more than 26,000 people participated and 13 lucky participants will receive "Free Gas For A Year," the equivalent of $1,800.00 cash. All 13 winners have accepted their prizes and they are:
Region 1: Ron Pate; Trussville, AL (online entry)
Region 2: B.J. Romanoski; Olathe, KS (online entry)
Region 3: Lora Duran; Gillette, WI (online entry)
Region 4 (two winners): Subbaya Subramanian; Palo Alto, CA (center 155-30)
Shelon Rochelle Whittle; Simi Valley, CA (online entry)
Region 5: Jim Hunter; Joppa, MD (online entry)
Region 6: Ruth Ellcessor; Columbus, OH (online entry)
Region 7: Jim Youngblood; Greenville, SC (online entry, center 64-34)
Region 8: Susan Taylor; Marietta, GA (online entry, center 107-37)
Region 9: Janet Powell; Pensacola, FL (center 24-08)
Region 10: Bill McFadden; Sanford, NC (online entry)
Region 11: Rose Roberts; Phoenix, AZ (online entry)
Region 12: Jennifer Holm; Plymouth, MN (center 30-22)
According to automotive authority Joel Burrows, a.k.a. 'The Car Doctor' and VP of Training/R&D at Precision Tune Auto Care, "If motorists adjust their driving habits and observe some simple car care techniques, they could make a significant impact on how much fuel they waste, and that translates into substantial money savings."
To drive this point home, the "Car Doctor" offers the following seven fuel-saving tips:
1. Keep tires properly inflated (recommended air pressure is posted on the
driver's door or in the glove compartment). Under inflated tires cause
drag; over inflation causes improper tire-to-road contact. Both
conditions will result in abnormal wear.
2. During your regular maintenance check-ups, your auto technician should
consult your manufacturers' recommendations to ensure all necessary
services are performed to maintain your vehicle's warranty and ensure
your vehicle is running at peak performance, which will have the
greatest impact to fuel economy:
* Fuel system service removes carbon deposits from intake valves and
fuel injectors for increased fuel economy and performance.
* Engine and emissions analysis ensures that the engine is running at
maximum efficiency.
* Service all fluids in accordance with the manufacturers'
recommendations; today's vehicles run on a fine film of fluids.
3. Avoid making quick starts or stops, which use excessive fuel. To avoid
jamming on brakes, stay a good distance from the car in front of you.
When possible, slow down simply by taking your foot off the gas.
4. Maintain steady speeds; use cruise control on the open road. Use over-
drive gear for highway driving.
5. Use proper octane fuel. Higher-octane gas, which produces less energy,
not only costs more, it also yields lower miles per gallon.
6. Don't let the engine idle more than a minute or two. This is extremely
important on cold morning start-ups.
7. Plan your day. Limit trips by running all errands at the same time or
on your way to or from work.
PTAC is America's Neighborhood Auto Care Experts for scheduled maintenance, service and repairs for autos, SUVs and minivans. For more than 30 years, they have been the pioneers in advanced diagnostic training and development servicing over 2.5 million vehicles each year. PTAC operates more than 404 state-of-the-art professional service facilities throughout the world and is a leader in educating the public on the importance of car care for personal safety and the health of the environment.
*Source: http://www.fueleconomy.gov.
Precision Auto Care Inc.
748 Miller Drive SE
Leesburg, VA 20175
United States - Map
Phone: 703-777-9095
Fax: 703-779-0137
Web Site: http://www.precisionac.com
Precision Auto Care Inc.
748 Miller Drive SE
Leesburg, VA 20175
United States - Map
Phone: 703-777-9095
Fax: 703-779-0137
Web Site: http://www.precisionac.com
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