We have studied and admired AutoZone for a number of years and finally got the opportunity to purchase our first shares in March. We continued buying in early April. Our average cost is approximately $760 per share. This amounts to 9.0x pre-tax earnings and 11.4x after-tax earnings. This is a 24% discount to AutoZone's 15-year median after-tax multiple of 15.0x.
AutoZone
AutoZone
AutoZone
We have studied and admired AutoZone for a number of years and finally got the opportunity to purchase our first shares in March. We continued buying in early April. Our average cost is approximately $760 per share. This amounts to 9.0x pre-tax earnings and 11.4x after-tax earnings. This is a 24% discount to AutoZone's 15-year median after-tax multiple of 15.0x.