Motorcar Parts of America Inc. (MPAA)

[littlefish]

IMO margins should continue to strengthen on an equal revs basis given the 12 month avging of reconciling the inventory writedowns with ongoing operating efficiencies.
On the other hand, the CEO mentioned a slow start to the coming Q so my guess is they might fall short of the $145+ mill target he had earlier mentioned in a presentation. But they are doing some right things.

Getting margins to 33% minus the inventory writedown looks pretty healthy.
Maybe they'll step in to buy a few shares. Seems like with CEO's comments they would be willing to support buying at these levels so another potential mitigation of downside risk.

I'm not buying more though and actually had hoped for a bit more revs this Q. It'll have to back off for me to do more buying and I've lowered my upside just a bit (more like your area of $8 or $9).
Maybe $5.5 or so for buying more for me.