M N C S

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Quote from Bitstream:

'nationwide'...well, with 250mln mkt cap i would not think they are goin' to open just a couple of saloons in dallas.
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Well, that's not very much money. A killer lot will do around 100 units a month, $12,000 per unit = 28.8M per year. 20 lots would be almost all the $300M.

The entire car business for used cars is staggering. I'm guessing recent numbers for annual total revenue would be in excess of $350 billion or so.
 
Quote from max401:

Well, that's not very much money. A killer lot will do around 100 units a month, $12,000 per unit = 28.8M per year. 20 lots would be almost all the $300M.

The entire car business for used cars is staggering. I'm guessing recent numbers for annual total revenue would be in excess of $350 billion or so.
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yeah and with 20lots u have to go all over the nation cause of competition.
your calculation are spot on by the way, my family and i owned an alfa romeo dealership and we sold around 30 new cars a day and around a couple used ones a day, and we had a sizeable space, so 100 used cars per lot is feasable.
 
Quote from Bitstream:

yeah and with 20lots u have to go all over the nation cause of competition.
your calculation are spot on by the way, my family and i owned an alfa romeo dealership and we sold around 30 new cars a day and around a couple used ones a day, and we had a sizeable space, so 100 used cars per lot is feasable.
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I don't think so. The original business they were aquiring was PAACO which, IIRC, had something like 12 or 14 lots in near Dallas.
 
Quote from max401:

I don't think so. The original business they were aquiring was PAACO which, IIRC, had something like 12 or 14 lots in near Dallas.
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well, good. maybe mncs plans to open ten/twenty fold that. :D
 
Quote from max401:

Such as?
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Once on the nsadaq MNCS will gain MUCH more exposure and will that be such a good thing? I dont think so...

That doesn't mean it won't keep gping up but the probability of it going lower. increases though.

Analysits, motley fool, WSJ ect will all take notice of MNCS's run. The hedgies, shorts and daytraders will jump on board. The problem with this is those groups can pump stocks as well as dump stocks.

I lost 20% overnight thanks to a BIDU downgrade back in Sept. 2005. Some pissant from Goldman put a $27 target on BIDU and the next morning the stock opens 30 points lower and I sell at 90.
 
Quote from Bitstream:

well, good. maybe mncs plans to open ten/twenty fold that. :D
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I think the plan was to aquire and expand.

In five years ago in 2001 they had about $140M in sales:

http://www.futureofpaaco.com/

"In 2001 the largest used car dealer in the state of Texas. Sold over 8,200 cars at an average sales price of $11,600. "
 
Quote from stock_trad3r:

Once on the nsadaq MNCS will gain MUCH more exposure and will that be such a good thing? I dont think so...

That doesn't mean it won't keep gping up but the probability of it going lower. increases though.

Analysits, motley fool, WSJ ect will all take notice of MNCS's run. The hedgies, shorts and daytraders will jump on board. The problem with this is those groups can pump stocks as well as dump stocks.

I lost 20% overnight thanks to a BIDU downgrade back in Sept. 2005. Some pissant from Goldman put a $27 target on BIDU and the next morning the stock opens 30 points lower and I sell at 90.
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Well, if someone decides to dump several 100K of shares on the OTC, the result is going to be as bad. NASDAQ listing will be fantastic for this company and give it some respectability in the financial community or would you rather have more stories like the one in Forbes?
 
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