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5 pts

Opinion on  AutoZone Inc. (AZO)     Sector: Services  >  Industry: Retail (Specialty)
AZO

Oct 28, 2008 03:50 AM GMT
11235
Return Risk
+0.87% MID
Sr. Associate

I like AZO so much... the only P/E that makes sense right now... AZO will move higher.  Conceptually, auto sales plumetting at double digit levels means people are servicing their hunks of junk for longer periods of time.. ummm... more auto parts sales growth means higher profits.

Earnings has continued to perform the past 2 years, and the continued weakness in new auto sales will continue to drive demand for auto maintenance machine AutoZone.


AZO:  This call was made on 10/28/08 @ $105.05
Rating:   Positive   $105.05 (10/28/08)
Closed:   10/30/2008 @ $120.4 (+14.61% in 2 days)
Target:   $140.00 (+33.27%) in > one year


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