Reported 1 day ago
Jim Cramer recently praised AutoZone's buyback strategy, labeling it 'legendary.' He highlighted the significant reduction in share count over the past decade from 31 million to under 17 million due to consistent repurchases. Cramer emphasized AutoZone's strong performance, especially during economic slowdowns, suggesting it as a top investment choice despite its current stock price being only 24 times earnings. Since his remarks, AutoZone's stock has increased by about 16%.
Source: YAHOO