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Is AutoZone Inc. Wasting Billions With Its Buybacks?
2014-10-28 17:28:55| Auto Parts - Topix.net
That sounds like a good strategy, but with $1.3 billion in buybacks over the last fiscal year ending Aug. 30 and another $869 million in authorization for more, is the auto-parts company biting off more than it can chew? Thin on cash The problem with AutoZone is that most of its short-term assets are inventory. Inventory is something the company has to always have on stock in order to remain in business.
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Category:Automotive