Monro Muffler Brake, Inc.
Chuck Akre founded Akre Capital Management in 1989, and now manages over $1.2 billion. He was named to Barron's "Top 100 Mutual Fund Managers" list from 2003-2006, one of only two small cap growth managers to make the list four consecutive years. For his fourth quarter portfolio re-balancing, he was upping his stake in some of key stocks, including a dollar store and a top-credit rating agency.
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The fact that Peter Lynch is one of my favorite investors of all time is no secret. I think his books “Beating The Street” and “One Up On Wall Street” should be required reading before anyone is allowed to trade stocks. With this in mind, I like to run companies through several tests to see if Mr. Lynch would be interested in investing. One of his central tenants is buy what you know. What better way to invest, than to buy stock in the company that owns Mr. Tire where I get auto repairs and new tires? The company is Monro Muffler Brake (NASDAQ: MNRO) and they not only own Mr. Tire, but Monro Muffler & Brake, and other brands as well. Let's see how this company fares against the criteria that Mr. Lynch uses.