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CSK Obtains Waiver, 1Q DIY demand sluggish ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Due to the investigation of accounting errors, CSK has technically been in default with its lenders. Management announced late last night the company received a waiver from its lenders that allow for continued access to borrowings under its revolving credit agreement. The stock is up ~6% on the news. However, the company has $100 million principal amount of 4 5/8% exchangeable notes and $125 million principle of 3 3/8% notes that can require accelerated payments if the company does not file its fiscal 2005 financial statements by July 2, 2006. In the press release, management indicates it will be unlikely the company
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