Funny! $500 mil is also the new amount of debt that AZO is issuing right now. This company is a accident waiting to happen. Buying its stock at over 10 times book with borrowed money when interest rates are heading higher.
When and why exaxtly should the company's sales and earnigns growth suddenly collapse heading into an economic recovery. What would be the catalyst? Just curious. It didn't crap out during the recession, it didn't crap out in the boom times. Mom and pop stores suddenly haven't gotten buyer power. The competitors are still regional, the competitors are still 1/3 the size of AZO. The suppliers need AZO as much as P&G needs Wal-mart. There are more cars on the road, driven more miles, its gotten hotter, it was gold nasty winter, stuff needs to get fixed with those rebate checks. The comps are easy going forward. The biggest buyer of the stock is the company and Fidelty doesn't own a share cuz the blew out of it a $65, so they'll probably have another analyst covering it soon and tell the PMs to load up. Good Luck to you
This is a steady business. Your understanding of this company, industry and the economy is a recipe for an ass whooping