Advance Auto Parts: Rock-Bottom Valuation With Massive Upcoming Catalyst, Strong Buy
Advance Auto Parts(AAP) Seeking Alpha·2024-06-25 20:07
RiverNorthPhotography Thesis In today's top-heavy, tech-driven market, investors continue to chase the "shiny new object." For long-term investors, this sentiment has created attractive opportunities beneath the surface, leading to many "boring" companies being overlooked. One of those "off the beaten path" companies is Advance Auto Parts (NYSE:AAP). Shares of AAP have fallen by over 70% since all-time highs in 2021, largely, in my opinion, due to years of mismanagement and a flawed strategy of increa ...