AutoZone Inc. AZO

July 12, 2004 - 8:18pm EST by

member

						2004	2005
Price:		78.09		EPS
Shares Out. (in M):		0		P/E
Market Cap (in $M):		6,492		P/FCF
Net Debt (in $M):		0		EBIT		0	0
TEV (in $M):		0		TEV/EBIT

Description

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#	AUTHOR DATE SUBJECT
11	member 7/19/04 5:20PM comments
There has been some discussion of stock-keeping-units, and the relatively smaller SKUs available at AZO. Crudely speaking, the major participants all stock about 20k per store, and stock much larger numbers at "depot" or... login to read the rest view available tags
10	member 7/15/04 1:24PM Agree on Commercial
I agree that AZO's potential advantages in ramping its commercial business are at least offset by its weaknesses. Although its "hub" stores carry 43K SKUs, this pales in comparison to what essentially every competitor... login to read the rest view available tags
9	member 7/15/04 12:50PM AZO vs ORLY
In several posts on this thread, there has been an implication that AZO is best in class in terms of how it services both its DIY and commerical customers. I would argue that they... login to read the rest view available tags
8	member 7/15/04 12:18PM The anaogy that makes sense to
The anaogy that makes sense to me is the hardware store. HD, in my opinion (welcome your comments), kills the competition on location and inventory. When I go to a hardware store, I don't want... login to read the rest view available tags
7	member 7/14/04 5:06PM "There is no competition"
Hahaha. You've taken my criticisms well, and even managed to have a little fun with them. Thanks for the responses to my many points. I wish you had included that much detail... login to read the rest view available tags
5	member 7/13/04 8:17PM Some answers
It seems easier to answer your questions in reverse order; (1. regarding (re) acromyms: As I share your frustration here, I tried to use the term in the note before abreviating it. For example (eg), after-tax... login to read the rest view available tags
4	member 7/13/04 5:33PM Pay-on-scan
To answer the last question on Pay-on-Scan accounting...yes, they implemented the accounting method which keeps Pay-on-scan inventory off the balance sheet. The Pay-on-Scan inventory excluded from the B/S at the end of Q3 was... login to read the rest view available tags
2	member 7/13/04 10:41AM questions
(1. Has demand changed? As noted this is a $48b market growing at 4%. AZO has about 12% of the market, and should grow in-line. Historically, a 16m unit year for the auto industry was... login to read the rest view available tags
1	member 7/13/04 12:13AM questions
The stock looks cheap on PE basis, but I have a few questions: 1. Has the market demand changed in the last few years, given lower avg age of cars on the road and increasing... login to read the rest view available tags

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