Monro Muffler Brake Inc (MNRO)

[I-Man]

MNRO getting very active in mergers/acquisitions all year it seems, trying to buy out every retail auto repair shop 40million or higher in revenues using all their assets/credit strength... Missed earnings by 2 cents, but seems to me very risky in doing this, as seems their minds are if they buy all competitors, they will corner market, people will be forced to go to their stores regardless, and thus, they will be able to recoup exponentially the costs of doing such aggressive mergers like they are.

Most recent victim in Hickory, NC area is they did private deal to owner of Clark Tire Company, and NONE of the employees or managers knew about it, and all received e-mail from owner one evening only, just had recent meeting in Hickory, NC about Merger expectations, whereas MNRO will formally control Clark Tire stores as of August 28th now... Word is they paid Owner of Clark Tire just over $1 Billion CASH for his former private family business...

Clark employees not happy as they already said all Administrative/Finance Dept people to lose jobs, as MNRO bringing in their own people. As far as others/managers, they took base salaries away and only going to pay them on % of store retail profits and cut benefits Clarke Tire employees were receiving even... Plus managers told expect to work 7 days/week 12 hour days, limited breaks even... Wonder what Federal/State wage & hour bureau thinks of such terms of employment?? I thought it was illegal to cut any employees salary under labor laws??