Cliff Banks - The Banks Report

TBR Daily Update — January 28

January 28, 2015 — Fort Walton Beach Stores Sold for $80 Million; Penske Buys Land Rover Dealership; Texans Find Ohio to be Tough; Oregon Dealer Dies; It’s Huge — and Not in a Good Way; Mac Haik Acquires Nissan Store Fort Walton Beach Stores Sold for $80 Million In a deal we reported on two weeks ago, Texas-based…

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Cliff Banks - The Banks Report

Buffett Bounce Over?

Whatever bounce the automotive retail stocks received from Berkshire Hathaway’s announcement 12 days ago that it was entering the car sales space disappeared quickly on Monday as several firms watched their shares plummet led by Lithia Motor’s drop of more than 20% — from more than $80 to under $64 in less than a day. Lithia’s…

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