does anyone follow repco ?, page-6

I'm new on the block here, and look at this one from a different perspective.

I'm actually a Repco Auto Service Centre.... a tiny part of the business. Share price started slowly declining when long time CEO announced that he would give the game away some time this year.

This guy worked his butt off to get the company to where it is today, an has done quite well in withstanding cheaper asian imported parts and tools, as they have a huge range of quality products themselves.

I have been following since it floated... i got in the IPO. The company is huge and it will take a lot to break it. Our auto market is getting tougher by the day with more competition and cheaper imports from China. But Repco have a fundamentally good structure with excellent management, and i'm sure they will find a suitable CEO with similar principles to the current one.

I'm waiting for it to bottom out... will be a nic buy