Motorcar Parts of America Inc. (MPAA)

[ghmm]

The PR was a (pleasant) surprise! After the last presentation I thought for sure this Q would be weak. Its interesting Joffe didn't say anything about EPS after the bait and switch with the cash flow statement I sure hope EPS don't disappoint! I wonder if the heat of the shareholder letter to put the company up for sale has put a little fire underneath mgm? Nice to think so anyway .

I am cautiously optimistic on the longer term but haven't added (or sold) and don't think it will be a huge position because I can't get a great comfort level with management.

PS Thanks for routing for me in the PSL contest! I realize that I am out of my league if you have to get a 3 figure return to finish in 2nd much less win ! Those guys know how to work trades which I guess is really critical makes you wonder why people (who know not me ) don't buy a trade or two heck maybe even a 300% return would be possible.

PPS Are you going to enter the PSL15?