Take a look at Remy's balance sheet http://www.remyinc.com/docs/2009_Q3_Report.pdf it'll make you want to go buy more MPAA too :-). Joffe has said they are the least levered in the industry and looking at Remy's balance sheet certainly seems to support it. I think it is one of those industries where the balance sheets get leveraged quite a bit. I don't think I quite have the difference between long term vs short term inventory figured out that they (MPAA) do on their books but I'ld have to think its got "real" value too.
Can't wait till the 9th! Hey just noticed that the expected report date is the same as the number of board marks. Does that mean if we get more board marks the reporting date get pushed back? Lets stay at 9 till the ninth :-).
EDIT: I see we dropped back to 8. How could someone pass us by... Guess we may report the 8th now :-).
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