We continue to recommend the shares of Advance Auto Parts (NYSE:AAP) as “Neutral” for the long-term (more than 6 months). We appreciate the company’s efforts to improve supply chain and vendor terms by pursuing an aggressive store expansion strategy. However, we believe sluggish economy and unfavorable pricing due to tough competition will mar the company’s results.
Advance Auto is primarily engaged in selling replacement parts (excluding tires), accessories, maintenance items, batteries … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards