As an investor, I tend to favor companies that are the best at what they do; I would hate to own a company that is only second-best or third-best in its industry.
Penske Automotive Group, Inc. (NYSE:PAG) was in 9 hedge funds' portfolio at the end of the fourth quarter of 2012. PAG has seen an increase in enthusiasm from smart money recently.
At the moment, there are plenty of methods investors can use to track Mr. Market. Some of the most underrated are hedge fund and insider trading activity.
In a surprising move, Sonic Automotive Inc. (NYSE:SAH) filed an application with the Securities and Exchange Commission seeking more time for filing its annual report.
Recently, I have been writing on a few well known names in the hard-line retail industry. My focus has been especially on players in the retail-automobile industry.