This stock will outperform on the exchange. If we've hit an intermediate bottom, as it appears right now, AZO is a good way to be involved within the auto, while offsetting declining auto sales.
P/E is relatively cheap on a historical basis, and with a recession, it's plain to see folks will buy auto parts to get their car to last 1,000 more miles.
Also, legendary investor Lampert recently increased his stake to 36%, and he's been a strong advocate of growing shareholder value. My bet is he will persuade the board to reduce its debt with their cash, to drive up earnings per share.
$114.81 (06/25/08)
