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Their supply chain services lost two customers since last year, one using a competitor as well as the other began self-distribution. These losses were partially the root cause of about $208 million in lost sales or about a 6.3% decrease year over year in this business watch. Like the retail sector, the limited prices reduces sales numbers here likewise.
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Lithia Motors Inc. - (LAD) - Last trade $42.69 - Lithia Motors, Inc. is the ninth largest automotive retailer in north america. Lithia sells 27 brands of new and all brands of used vehicles at 87 stores, which are located in 11 shows. Lithia also arranges finance, warranty, and credit insurance contracts; and provides vehicle parts, maintenance, and repair services at all of its locations. Expected EPS growth is 35% - 4.66 vs 0.49 when they report 20- June. Company website.
At the close of business on Wednesday October 9, 2002, the S&P 500 bottomed at 777 prior to a bull market run that gained 101% to peak at 1565 on October 9, 2007, exactly five years to day time after the bear market bottom. The headline in the market section of USA Today on Thursday morning October 10, 2002 was "Where's the Bottom, No End in Sight" (source: USA Today).
