I look at the Autozone down the street from my house which borders two different soci economic neighborhoods. Its just not that busy except for Saturday and when I look at the financials regarding, cash, debt, equity it just doesn't calculate. Is this company worth the valuations of Apple? NO! Will the government program on car replacement going to help sales at AZO? NO! Does Mr. Lampert know something we don't? Yes! That is why he (Fast Eddie) is now selling.
Mark my words this stock is going lower.
BTW who borrows money in todays ecomomy to buy back stock when that stock is close to a 52 week high. Answer AUTOZONE
I'd say "$20 to $40" is just the beginning. When the truth comes out, there will be a trail of shareholder tears leading to bankruptcy court in my opinion. That's likely to take some time though since the financial press is either too inept and/or corrupt to shine the light on a situation like this until after the money is gone.