mrmarket
01-16-2009, 05:28 PM
From: Austin Dutton [mailto:adutton@newbridgesecurities.com]
Sent: Friday, January 16, 2009 11:38 AM
Subject: Retail-Auto Parts Idea
Good Morning and TGIF,
“Get Into the Zone, AutoZone”
When times are tough as we are in now, the consumer just can’t go out and buy a new car, so they must fix what they have. This Company’s stock was up 24pts (+22%) through last year’s wreckage:
350m AZO (AutoZone) 5.50 11/15/15 at 94, YTM 6.60%, CY 5.85%, Rated Baa2/BBB, Stable/Stable, Senior Bond, Semi Pay
AutoZone is a specialty retailer of automotive parts, chemicals, and accessories targeting the do-it-yourself consumer. The Company offers a variety of products, including new and remanufactured automotive hard parts, maintenance items, and accessories.
As of August 25, 2007, the company operated 3,933 stores in the United States and Puerto Rico, and 123 stores in Mexico.
For the fiscal year 2008 the Company reported Revenues of $6.55 Billion, EBITDA of $1.30 Billion, and Net Income of $640 Million. Their Cash position is $85 Million, Operating Cash Flow is $890 Million, and Total Debt is $2.27 Billion. The Company covered Interest Expense of $123 Million 10.57 Times (EBITDA/Int Exp), and Leverage of 1.74 Times (Total Debt/EBITDA). The Credit Default Swap Spread is 1.18%, this tells us that the market is not concerned about them getting into trouble.
If you have any questions or are looking for something specific, feel free to contact me at 215-598-9460
Austin R. Dutton, Jr.
Managing Director
Bridge Valley Financial Services, LLC.
PO Box 383
Furlong, PA 18925
Direct: 215-598-9460
Fax: 215-598-9462
adutton@newbridgesecurities.com
WWW.AUSTINDUTTON.COM
Securities offered through Newbridge Securities Corp.,
Member FINRA and SIPC
Sent: Friday, January 16, 2009 11:38 AM
Subject: Retail-Auto Parts Idea
Good Morning and TGIF,
“Get Into the Zone, AutoZone”
When times are tough as we are in now, the consumer just can’t go out and buy a new car, so they must fix what they have. This Company’s stock was up 24pts (+22%) through last year’s wreckage:
350m AZO (AutoZone) 5.50 11/15/15 at 94, YTM 6.60%, CY 5.85%, Rated Baa2/BBB, Stable/Stable, Senior Bond, Semi Pay
AutoZone is a specialty retailer of automotive parts, chemicals, and accessories targeting the do-it-yourself consumer. The Company offers a variety of products, including new and remanufactured automotive hard parts, maintenance items, and accessories.
As of August 25, 2007, the company operated 3,933 stores in the United States and Puerto Rico, and 123 stores in Mexico.
For the fiscal year 2008 the Company reported Revenues of $6.55 Billion, EBITDA of $1.30 Billion, and Net Income of $640 Million. Their Cash position is $85 Million, Operating Cash Flow is $890 Million, and Total Debt is $2.27 Billion. The Company covered Interest Expense of $123 Million 10.57 Times (EBITDA/Int Exp), and Leverage of 1.74 Times (Total Debt/EBITDA). The Credit Default Swap Spread is 1.18%, this tells us that the market is not concerned about them getting into trouble.
If you have any questions or are looking for something specific, feel free to contact me at 215-598-9460
Austin R. Dutton, Jr.
Managing Director
Bridge Valley Financial Services, LLC.
PO Box 383
Furlong, PA 18925
Direct: 215-598-9460
Fax: 215-598-9462
adutton@newbridgesecurities.com
WWW.AUSTINDUTTON.COM
Securities offered through Newbridge Securities Corp.,
Member FINRA and SIPC