Does anyone here own any AutoNation stock?

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compuwiz1

Admin Emeritus Elite Member
Oct 9, 1999
27,112
930
126
If you own any AutoNation stock, my best advice to you, would be to dump it.
I'll tell you all right now, this is not about the strength of a Fortune 500 company, but more about how it treats its employees.

I am kind of a grey sheep, but I have family who have major stock in this company. When they heard what this company has done to me, and my family, they have begun pushing information out, which will cause a major market cap reduction, by next tuesday. Now is the time to sell!

That's all I can tell you, for now.
 
C

compuwiz1

Admin Emeritus Elite Member
Oct 9, 1999
27,112
930
126
Originally posted by: tasmanian
Didnt Martha Stewert go to jail for this for like 2 years.
Click to expand...

Not the same thing. Disgruntled employee here, not a shareholder.

 
C

compuwiz1

Admin Emeritus Elite Member
Oct 9, 1999
27,112
930
126
Letters sent to every editor, of every major US magazine and paper. Stock will plunge. Sell it!
 
jpeyton

jpeyton

Moderator in SFF, Notebooks, Pre-Built/Barebones
Moderator
Aug 23, 2003
25,375
142
116
Bookmarked, so we can call 'bullshit' on Tuesday.
 
C

compuwiz1

Admin Emeritus Elite Member
Oct 9, 1999
27,112
930
126
Originally posted by: AgaBoogaBoo
Originally posted by: tasmanian
Isnt it still insider trading or somtin.
Click to expand...
He's just saying he doesn't like how he's being treated, that's freedom of speech.
Click to expand...

And, because I have relatives who were heavily invested in this, once they blow their horns, this baby is going to drop.

 
C

compuwiz1

Admin Emeritus Elite Member
Oct 9, 1999
27,112
930
126
Marked! Watch where it goes next week


15?
10?

Penny stock? I like the penny stock idea right now.

Edit: Apparently, I can't link to the graph. Ticker symbol is AN

16:41:36 Z 22.721 -0.179 600

16:14:31 Z 22.7397 -0.1603 2,400

16:14:30 Z 22.7397 -0.1603 1,200

16:14:26 Z 22.7397 -0.1603 4,400

16:14:24 Z 22.7397 -0.1603 10,500

16:14:23 Z 22.7379 -0.1621 1,000

16:14:22 Z 22.7379 -0.1621 1,400

16:08:08 Z 22.7397 -0.1603 28,500

16:02:55 Z 22.74 -0.16 20,100

16:02:52 Z 22.74 -0.16 4,200
 
I

imported_Mike

Lifer
Dec 4, 2002
18,211
1
0
Originally posted by: compuwiz1
Originally posted by: Mike
Originally posted by: compuwiz1
Marked! Watch where it goes next week


15?
10?

Penny stock? I like the penny stock idea right now.
Click to expand...

$22.74, it will be interesting to see what happens to it. Care to further explain your situation? or would that get you in trouble?
Click to expand...

That is all I can say, at this time. More may be coming later.
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I understand.
 
C

compuwiz1

Admin Emeritus Elite Member
Oct 9, 1999
27,112
930
126
Here are some notes of what happend, for the curious.

The corp, divested itself of one of it's many dealerships, nationwide.

They gave one and a half weeks notice, then dropped most of their employees.
Today, they kicked most of them to the curb, gave inadequate notice, and did not immediately pay most people, as required by Ca. law.

In Ca., if you have more than 50 employees at a location, you must give them 60 days notice, if you close shop. They did not.
In Ca., if you close shop, you must give every employee their paycheck. They did not.

Some of those employees had been working for 5 years+
 
C

compuwiz1

Admin Emeritus Elite Member
Oct 9, 1999
27,112
930
126
Originally posted by: AUMM
hmmm so time to short autonation?
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I think, in 1 week, this is gonna come to light. A warning for anyone who owns stock. You may take a loss.



 
CrackRabbit

CrackRabbit

Lifer
Mar 30, 2001
16,642
62
91
The worst experiences I have ever had at any car dealership were at Autonation owned dealerships.
I hope they go out of business. Crooks, and ***** liars are the best way to describe them.
 
J

J0hnny

Platinum Member
Jul 2, 2002
2,366
0
0
Well, looking at the technicals, they may come down regardless of them firing you and other employees without due-notice. Slightly overbought and could correct further with news coming out. It could be a good idea to short it.

Then again the company is trying to become more efficient and had to let go of some of the "non-performers" ie. compuwiz.
 
EagleKeeper

EagleKeeper

Discussion Club Moderator<br>Elite Member
Staff member
Oct 30, 2000
42,589
5
0
The company may have swallowed more than they can safely digest.

Now they have indigestion.
 
bigdog1218

bigdog1218

Golden Member
Mar 7, 2001
1,674
2
0
Originally posted by: compuwiz1
Originally posted by: AgaBoogaBoo
Originally posted by: tasmanian
Isnt it still insider trading or somtin.
Click to expand...
He's just saying he doesn't like how he's being treated, that's freedom of speech.
Click to expand...

And, because I have relatives who were heavily invested in this, once they blow their horns, this baby is going to drop.
Click to expand...

If your relatives are/were employees and sell their stock based on information not known to the public they are commiting insider trading, which is illegal.

So what are your relatives going to do? Dump their stock and commit a crime or ride it out when it tanks?
 
J

JS80

Lifer
Oct 24, 2005
26,271
7
81
Originally posted by: compuwiz1
Here are some notes of what happend, for the curious.

The corp, divested itself of one of it's many dealerships, nationwide.

They gave one and a half weeks notice, then dropped most of their employees.
Today, they kicked most of them to the curb, gave inadequate notice, and did not immediately pay most people, as required by Ca. law.

In Ca., if you have more than 50 employees at a location, you must give them 60 days notice, if you close shop. They did not.
In Ca., if you close shop, you must give every employee their paycheck. They did not.

Some of those employees had been working for 5 years+
Click to expand...

wouldn't that increase the financials of the company? stock price is tied to financials, not how it treats it's employees.
 
J

JS80

Lifer
Oct 24, 2005
26,271
7
81
Originally posted by: JS80
Originally posted by: compuwiz1
Here are some notes of what happend, for the curious.

The corp, divested itself of one of it's many dealerships, nationwide.

They gave one and a half weeks notice, then dropped most of their employees.
Today, they kicked most of them to the curb, gave inadequate notice, and did not immediately pay most people, as required by Ca. law.

In Ca., if you have more than 50 employees at a location, you must give them 60 days notice, if you close shop. They did not.
In Ca., if you close shop, you must give every employee their paycheck. They did not.

Some of those employees had been working for 5 years+
Click to expand...

wouldn't that increase the financials of the company? stock price is tied to financials, not how it treats it's employees.
Click to expand...

I don't get it...they divested (i.e. sold) ONE dealership to someone and then that someone fired everyone. So how is Autonation liable?
 
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