Precision Auto Care(PACI) analysis

Summary:
-In the past seven years, Precision Auto Care was a delisted dark company, hidden from the broad market.

-However, in the most recent quarter, Precision Auto Care recently up-listed to the most visible OTC exchange. Continual visibility may act as a catalyst.

-One-time charges make Precision look like a fairly valued company. However, investors should not judge a book by its cover.

-Management has been wonderful allocators of FCF in the past seven years, buying back ~33% of the shares outstanding and opening 29 company owned stores.

-Further allocation of FCF in more stores and/or potential for more future buybacks/special dividends provide investors with decent upside.

Fulll write-up can be read at:http://seekingalpha.com/article/3883336-precision-auto-care-skewed-valuation-recent-hidden-listing-provide-near-term-catalysts