CEO Interview Monro Muffler
Aug.26, 2008 in Jim Cramer Mad Money CEO Interviews Leave a Comment
Cramer welcomed Robert Gross, Chairman and CEO of Monro Muffler (MNRO) to the show to talk about how consumer spending trends are changing due to the tight credit markets. Gross said the company is seeing an increase in business as people keep their cars longer and spend more on maintenance and repairs. He mentioned that customers are looking for more ways to increase fuel efficiency. Plus, people are visiting his mechanic shops more often for check ups on tire inflation and air fuel filters. Gross pointed out the company is acquiring competitors and looking for more takeovers in the coming months. Cramer told market players to buy the stock which is down $5 from its high. Join the fastest growing community of small cap investors at Stockhideout.com
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