In my most recent rankings, I left Monro in the #10 spot.

I said, my outlook for Monro to earn $2.83 per share in 2012 remains unchanged.  While I think independent repair shops in general will be under heavy competition from the franchised auto retailers in the coming years, I believe “low tech” service providers like Monro that focus on a limited service offering stand well positioned to gain share. The company’s comps have been struggling (although more recently recovering.) But assuming same-store sales return to a 4% clip by 2009, and the company continues to generate operating expense leverage, you get to my 2012 earnings per share estimate of $2.83.

Based on my 2012 earnings ...

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