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mpapile (35.88)

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Autozone adds 500 million more in debt

June 30, 2009 – Comments (1) | RELATED TICKERS: AZO

AutoZone fresh off of the board approving a 500 million dollar share buyback, has just put up on the market 500 million more in debt on top of the already 2.5 billion in long term debt they have.   The bonds are offered at 5.75%.  Keep in mind, when autozone annouced their "buybacK"  Eddie Lampert a large holder of sears holding fame sold 70 million of stock into the news, and transfered 2.5 million shares (375 million dollars worth at todays prices) to somebody.  In the mean time AZO's stock price has stayed rock solid around 150 a share.  I am not certain how they get away with all of this, and when will the market realize this stock for what it is?   [more]

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More Autozone shenanigans with Eddie Lampert

June 24, 2009 – Comments (0) | RELATED TICKERS: AZO

Last week, Autozone board voted to approve 500 million dollars of additional debt financed share buyback.  http://www.reuters.com/article/marketsNews/idINN1749548020090617?rpc=44  [more]

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Autozone is a ponzi scheme plain and simple

May 28, 2009 – Comments (6) | RELATED TICKERS: AZO

Perhaps someone can enlighten me here, but from looking at the horrible cash flow sheet of AZO, I gather this:  [more]

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Autozone ripe for shorting

February 23, 2009 – Comments (8) | RELATED TICKERS: AZO

Guys, If you take a second from your macro economic pipe dream ("People have less money so they will not buy cars and fix their own") you could then look at this balance sheet that is REALLY BAD, and laden with massive debt. Seriously, look at the assets line and look at the liabilities line. OK, now anyone can see that is really bad.

This all reminds me of many other macro bubbles like fertilizer, solar power, dot com etc... You guys are so full of the macro/momentum picture that you completely miss out on the fact that your investment has crap fundamentals. This will fall and will fall hard. Right now it is getting pumped, prepare for the dump.

Also I challenge the macroeconomic premise that people will fix their own cars. If you know how to fix cars, you fix them usually regardless of how much money it costs. If it takes me 20 minutes to do my brakes, and to get it done, it costs 130 dollars, well unless I am making $400 an hour, it is not worthwhile to bring it in. The person that does not know how to do it will not no matter what.  [more]

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