Advance Auto Parts: Ride the Used Car Maintenance Wave
During uncertain economic conditions, it's best to consider investing in a demonstrated business model or two, and auto parts chain Advance Auto Parts , first discussed here on May 19, 2009 at a price of $43.38, is one.
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#1 Sep 21, 2010
Don't let the spikes in Advance Auto Parts profits fool you. The company is laying off long time employees and off-shoring to cheap labor in India at a record pace. Just this year alone, there has been a least two different layoffs in the company's Information Technology departments where at least 20 employees were laid off earlier this year and several more around July or August 2010. It is not clear what other areas are also taking serious cutbacks to spike profits. I would think carefully before buying this stock.
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