well , I think in hindsight KAR sale of their main asset was well timed. KARs performance is in line with the sector
most stocks with market caps sub 1 billion have fallen 50-70% so its important to recognise this SP performance isn't just a KAR story. I agree it may take some time for KAR to get back into high 3s and 4s , but being cashed up at the bottom of a cycle can be a blessing. At these levels it presents a great opportunity, these opportunties only come bye when sentiment is very low and all are depressed
Stayer, I missed DLS this morning. looking at 72 entry
KAR Price at posting:
$2.28 Sentiment: Buy Disclosure: Held
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