streetgainer

Don't forget what was working BEFORE the pandemic $AZO

Long
streetgainer Updated   
NYSE:AZO   AutoZone, Inc.
Driven by DIY and the explosion of Youtube how to videos on everything regarding car repair and upgrades from simply changing an air filter to removing and tearing down an engine block. When you need a car part NOW, autozone is the go to place for most. This is one area that CAN NOT be disrupted by $AMZN. This company was clicking on all cylinders pre-pandemic. It's $5b+ debt may seem eye popping at first, but then you look at it's EBIT which is at 12.1x int. expenses and your eyes should quickly resurface back into your their sockets. The debt load is light and manageable. AZO will easily take its ATH in the near future.
Comment:
Sorry for the errant space in "CANNOT"
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I went to get an oil change today (I did't feel like doing it myself) from my local quick lube. I was shocked to see it was completely out of business. So, forced to perform the oil change myself, I headed to Autozone to pick up a few quarts of oil and an oil filter. The place was PACKED with people. Autozone is well positioned, and the current macro environment benefits them well. The spike in used car sales + auto shops not re-opening plays right into their balance sheet. This is a continued long in any smart persons playbook and It's in my playbook for sure.
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