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In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.
Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy
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You can also buy ETFs that invest in other
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Thursday, June 19, 2008
Pep Boys Holds Annual Meeting
Comtex
PHILADELPHIA, Jun 19, 2008 (BUSINESS WIRE) ----The Pep Boys - Manny, Moe & Jack (NYSE: "PBY"), the nation's leading automotive aftermarket retail and service chain, today held its Annual Meeting of Shareholders in Philadelphia.
At the Annual Meeting, shareholders elected the full Board of Directors for a one-year term, approved the appointment of the Company's independent registered public accounting firm and approved the amendment of the Company's Articles of Incorporation to provide for majority voting in uncontested elections of Directors.
In addition, Interim CEO Mike Odell and CFO Ray Arthur discussed the Company's business performance and opportunities.
The presentation slides from the Annual Meeting are available on the Company's Web site at www.pepboys.com.
Pep Boys has over 560 stores and approximately 6,000 service bays in 35 states and Puerto Rico. Along with its vehicle repair and maintenance capabilities, the Company also serves the commercial auto parts delivery market and is one of the leading sellers of replacement tires in the United States. Customers can find the nearest location by calling 1-800-PEP-BOYS or by visiting www.pepboys.com.
Certain statements contained herein constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The word "guidance," "expect," "anticipate," "estimates," "forecasts" and similar expressions are intended to identify such forward-looking statements. Forward-looking statements include management's expectations regarding implementation of its long-term strategic plan, future financial performance, automotive aftermarket trends, levels of competition, business development activities, future capital expenditures, financing sources and availability and the effects of regulation and litigation. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. The Company's actual results may differ materially from the results discussed in the forward-looking statements due to factors beyond the control of the Company, including the strength of the national and regional economies, retail and commercial consumers' ability to spend, the health of the various sectors of the automotive aftermarket, the weather in geographical regions with a high concentration of the Company's stores, competitive pricing, the location and number of competitors' stores, product and labor costs and the additional factors described in the Company's filings with the SEC. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
SOURCE: The Pep Boys
Pep Boys, Philadelphia Investors: Ray Arthur, 215-430-9720 or Media: Alex Spooner, 215-430-9588 or Internet: http://www.pepboys.com
Copyright Business Wire 2008 ********************************************************************** As of Sunday, 06-15-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 03-12-2008 for PBY @ $10.41. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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