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AutoZone, Inc. Message Board

  • greeock greeock Sep 23, 2009 11:28 AM Flag

    To Chia_Katt

    I will give you this much... if by a miracle, AZO starts heading up over the next week or two, then maybe the drift down from 165 makes it a good buying opportunity - for a trade, not an investment.

    But Lampert has real problems with some of his other investments. And what about AZO's debt load? I think the prudent thing to do here is wait and see how analysts view the company after they've digested this earnings report. Although, I don't normally hold most analysts in high regard. But we'll see.

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    • And even though I don't hold most analysts in high regard, if they downgrade this stock on top of the missed earnings... look out below!

      • 2 Replies to greeock
      • >And even though I don't hold most analysts in high regard, if they downgrade this stock on top of the missed earnings... look out below!

        So you're one of those people Jim Cramer is talking about when he says people go running out the store screaming in a panic if they see a ON SALE! sign?

        LOL!

        Think about it.

      • factsfirstquestionslater factsfirstquestionslater Sep 23, 2009 11:41 AM Flag

        Good point. Current analyst configurations are as follows:

        Strong Buy - 8
        Buy - 0
        Hold - 9
        Sell - 0
        Strong Sell - 3

        Any shift of the strong buys to just a buy or hold will send the shares spiraling another 5-9%. The analyst consensus is certainly a bit skewed to the top end.

        Let's put it this way, using a qualitative scoring metric, where strong buys = 2, buys = 1, holds = 0, sells = -1, and strong sells = -2. On a weighted basis, this gives us a score of 0.5, or between buy and hold. I would expect the consensus to drift lower towards a hold overall.

 
AZO
537.96+1.12(+0.21%)Aug 20 4:02 PMEDT

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