miataowner
miataowner OP t1_iui1uit wrote
Reply to comment by Illustrious-Lock9458 in Recession-resistant stocks? Check AZO. CAGR >12% for last 10yr, +43% yoy, +125% last 2yr, +315% last 5yr by miataowner
Doesnt this just further reinforce the point of AutoZone? Buying used to conserve money means youre the exact market AZO is targetting.
miataowner OP t1_iugkrgm wrote
Reply to comment by azidesandamides in Recession-resistant stocks? Check AZO. CAGR >12% for last 10yr, +43% yoy, +125% last 2yr, +315% last 5yr by miataowner
Yeah and how have thise two done this year?
miataowner OP t1_iufvewx wrote
Reply to comment by bigdickbetss in Recession-resistant stocks? Check AZO. CAGR >12% for last 10yr, +43% yoy, +125% last 2yr, +315% last 5yr by miataowner
Ha! They always seem to slide on the day of an earnings release, nearly every time. Very last earnings call was a beat in growth, beat in EPS, beat in revenue, and yet the stock ate shit for like three days to the tune of like 5-6% IIRC.
If you wanna play puts, do it on earnings announcements.
miataowner OP t1_iufrzmf wrote
Reply to comment by Flabq in Recession-resistant stocks? Check AZO. CAGR >12% for last 10yr, +43% yoy, +125% last 2yr, +315% last 5yr by miataowner
On a long enough timescale, humanity isnt sustainable. Name another Fortune company with a >10% CAGR beyond two decades.
Sure, nothing is forever. Given the reason why AutoZone exists (people who cant afford to let a dealer fix their aging car) ita almost entirely aimed straight at economically disadvantaged car owners. Theres a lot of those folks in the US.
miataowner OP t1_iufrkcc wrote
Reply to Recession-resistant stocks? Check AZO. CAGR >12% for last 10yr, +43% yoy, +125% last 2yr, +315% last 5yr by miataowner
More exposition:
When the ganeral public either cant afford a new car, cant even get ahold of a new car, or is looking down the barrel of economic doom (rising interest, rising rates, possibility of job losses) then they keep their existing cars longer. It worth noting the median age of the American car is in excess of 12 years now and continues to stretch further.
As such, AZO does their very best sales when the economy is either unstable or in a downturn. Every time the US goes into recession, their sales peak.
And by all accounts, we are expecting a pretty hard economic downturn in the next calendar year.
Recession-resistant stocks? Check AZO. CAGR >12% for last 10yr, +43% yoy, +125% last 2yr, +315% last 5yr
miataowner OP t1_iui2517 wrote
Reply to comment by diamondhandedman in Recession-resistant stocks? Check AZO. CAGR >12% for last 10yr, +43% yoy, +125% last 2yr, +315% last 5yr by miataowner
Turns out America isnt the only place on the planet with an aging car fleet and people who want to keep their cars running.
No more growth, lol...