In addition, Starboard is to designate two more independent directors. Starboard has a plan to release value in the stock. Key highlights: Starboard's plan involves a combination of implementing a distribution model similar to O'Reilly's -- which requires distribution centers to supply stores with stock --implementing working capital improvements, and unlocking value at Worldpac -- a distributor of parts for high-end import cars acquired as part of Carquest. In short, Starboard's proposals, if successful, will release even more embedded value in the stock than Advance's management originally planned when it bought Carquest. Is it a buy? The long-term case here is compelling. O'Reilly's comparable-same-store sales rose 7.9% in its third quarter, while AutoZone's increased 4.5% -- there is nothing wrong with the auto parts market. It's also an indication that Advance's problems are largely limited to the integration.