Midas, Inc. (NYSE: MDS) is on The StockGuru Leader Board today. The stock closed up 27.47% on Tuesday.
Volume was 11,274,331 shares traded.
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About the Company:
Midas, Inc. provides retail automotive services through franchised or company-operated shops primarily in the United States, Canada, and Europe. It sells Midas, SpeeDee, and Midas-SpeeDee co-branded franchises. The company?s retail shops offer automotive repair and maintenance services, such as exhaust, brake, suspension, air conditioning, tires, batteries, and various other maintenance services. As of January 1, 2011, it operated the Midas network of 1,538 shops located in the United States and 9 Canadian provinces; the SpeeDee network of franchised and company-operated shops consisting of 106 shops located in 10 states in the United States; and 781 Midas shops licensed in 13 other countries, and 65 licensed SpeeDee shops in Mexico. The company also involves in the real estate activities, including the development, ownership, and lease of Midas and SpeeDee shops in the United States and Canada; and supply chain activities comprising the provision of value-added merchandising services to franchisees. In addition, it owns, develops, sells, and leases automotive shop management software to Midas franchisees and other third-party automotive service providers. The company was founded in 1954 and is headquartered in Itasca, Illinois.
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