US Auto Parts Conference call: Un Disastro      

US Auto Parts (PRTS,) stock is down some 40%+ this week (and down a pretty similar amount from its initial public offering price of $10 completed in early February.)  “Un disastro” is an Italian word/expression a friend once taught me that needed no translation.  And probably best sums up the conference call the company held Tuesday afternoon. 

Management had to come on the call and explain to its new shareholders that after they got back from the road show and began to “close the books” they discovered a couple employees at their Parts Bin acquisition had mispriced (way below m ...

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