2024-02-10 07:30:00 ET
Summary
- When focused on quality, growth investing can be a lucrative strategy.
- AutoZone is a well-established auto parts retailer, but there is plenty of growth left in the tank.
- The company enjoys an investment-grade credit rating from S&P on a stable outlook.
- Shares appear to be too rich here, trading approximately 13% above fair value.
- AutoZone could be a high-quality growth stock, but only at the right valuation.
In investing, there is no one-size-fits-all approach. Some investors may prefer growth, some may prefer value/dividends, and others may take a passive approach and buy index funds. These are all strategies that have made many investors rich over the long run....
Read the full article on Seeking Alpha
For further details see:
AutoZone: An Intriguing Growth Stock For The Watch List