O'Reilly voted most undervalued stock

A national investor education magazine has chosen a Springfield company's stock as most likely to be undervalued in the beginning of 2010.

The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine named O'Reilly Automotive Inc. (Nasdaq: ORLY) as the January 2010 "Undervalued Stock" in its January issue.

"For the Undervalued selection, the committee believes O'Reilly Automotive has distinguished itself as an extremely well-managed retailer whose acquisition of CSK has begun paying major benefits," BetterInvesting Editor Adam Ritt said in a news release.

Ritt was referring to the July 2008 purchase of Phoenix-based CSK Auto Corp.; O'Reilly bought the roughly 44 million outstanding shares of CSK for $528 million and assumed about $500 million in CSK debt in the culmination of a 16-month bargaining process.

The move allowed O'Reilly to solidify its hold on the No. 3 spot on the list of the nation's largest auto-parts retailers, as well as assuming a spot on the Nasdaq 100, a list of the exchange's largest non-financial stocks.

Shares of O'Reilly (Nasdaq: ORLY) closed Friday at $37.28, compared to a 52-week range of $21.36 to $42.93. Shares were up to $37.82 as of 9:45 a.m.

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