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AutoZone, Inc. Message Board

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  • billberggren billberggren May 19, 2004 2:02 PM Flag

    Sources for cash

    Buybacks are not to improve price but to improve anything per share, such as revenue per share or earnigs per share or p/e ratio. I do think if they continue the buybacks book value will go negative. However, I don't think that is a bad thing necessarily. if they stop the buybacks, I am out!

    • "Buybacks are not to improve price but to improve anything per share, such as revenue per share or earnigs per share or p/e ratio. "

      That is not 100% true, just watch the support buying at critical juncture. CFO at AZO is a very good technical trader as long as he has money available to him......

 
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