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AutoZone, Inc. Message Board

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  • billberggren billberggren Dec 8, 2004 10:46 PM Flag

    P/E is 12.0

    I am a little upset the buyback was not more. I just am wondering that they may have slowed the buybacks to keep the debt from increasing. At 0.4 million shares that is only like a 3 percent annual buyback rate, which is not enough imho. Anyway, I'll give AZO another quarter before I re-assess the situation. I like stocks with a minimum of 20 percent growth which is (revenue percentage gain + loss in shares outstanding). I will never buy a company with a net positive shares outstanding gain since it is corporate shareholder theft, seems to be working since I have averaged 20 percent annual gains doing this.

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    • I sold my position in AZO today. I wanted to switch to CHH, FDC, or USNA. The thing that made me change was that in all previous quarters debt rose with the buybacks. This last quarter, debt stabilized, however the buybacks were small. It hit me last night, that without increasing debt, AZO might only be capable of buying back 5 percent a year.

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