Author is looking to buy GPC before its ex-dividend date, citing solid auto parts business, dividend, and a planned split unlocking value across its two segments.
GPC — LONG The author plans to buy Genuine Parts Company (GPC) before the ex-dividend date, citing a solid auto parts business and a nice dividend. The stated catalyst is a planned company split, which the author believes should create more shareholder value by separating Global Industrial (Motion) and Global Automotive (NAPA). No specific risks are stated.
This is a stock I'm looking to get into before the ex dividend date. Solid company selling auto parts, nice dividend, and they're planning a split which should create more value for shareholders.