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Robert Abbott  Robert F. Abbott

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  • Thomas Macphers 2015-06-07 21:01
    Robert Abbott : Hi Tom - I'm about to take a break from writing, with a temporary, full-time job for probably the next six to 12 months. As I withdraw for now, I want Hi Bob. Thanks so much for your very kind note. First, let me say good luck on your new venture. I hope it is everything that will make you happy and prosperous. Second, your writing will be missed on GF. I have really enjoyed your articles and hope you get a chance to continue or come back and pick up where you left off. Pleas ...

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  • Robert Abbott commented on Robert Abbott's article 09-19 10:36
    AutoZone: Debt Is a Dragging Brake on This Muscle Car
    On Thursday, Sept. 22, AutoZone Inc. (AZO), one of the big four auto parts retailers, will release its fourth quarter and fiscal 2016 earnings. With...
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    Robert Abbott 09-19 11:36
    • Thanks, Dr. Paul and GuruFocus for your comments!

      I would like to take issue with Dr. Paul on two fronts. First, like GuruFocus, I think bankruptcy is highly unlikely; this is a company that has had the cash to spend $16.385 billion on share repurchases since 2008 (10-K for 2015). Should the company feel financial pressure from higher interest rates, it could stop repurchasing shares and divert the funds to interest payments. As I see it, there is a lot of money within this company's orbit.

      Second, of the more than 1.7 million share repurchased in fiscal 2015, just 15,594 came from AutoZone management (according to the 10-K). Obviously this is a negligible proportion of the overall number bought back, and so I don't think that should be a concern for investors.

       
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