Aug 24th 2012 - Edison Investment Research today published a report on Lookers (LOOK.L, LSE:LOOK, LON:LOOK) entitled "Motoring Ahead". In summary, the report says:
Despite the challenging trading climate, Lookers continues to grow its profits, with another record set to be delivered in the current year. With new vehicle registrations running at some 20% below the peak levels seen in 2003, this reflects highly on the quality of management and the underlying business model. In a fragmented market, there are always opportunities, which an enlightened team can tackle to the benefit of shareholders. The rating recognises neither the record nor the potential.
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