Monro Muffler Remains In An Uptrend

Filed under: Stocks to Buy

The uptrend for Monro Muffler Brake (MNRO), first discussed here on March 27, 2009 at a price of $26.01, continues. It goes without saying that the auto/vehicle repair sector's fundamentals and conditions remain favorable for MNRO.



Pinched budgets mean new car sales will not return to normal levels any time soon, which means many Americans will be driving their 5-year and 8-year used cars longer, and that means increased maintenance: to Monro's benefit. Ditto for the trend regarding used car purchases instead of new car purchases. Hence, look for Monro's revenue to increase 10-15% in both 2010 and 2011.

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Monro Muffler Remains In An Uptrend originally appeared on BloggingStocks on Mon, 05 Apr 2010 18:00:00 EST. Please see our terms for use of feeds.

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