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Non-Tech : AutoZone (AZO)
AZO 3,718+1.2%Nov 7 9:30 AM EST

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To: Todd King who wrote ()2/5/1997 3:18:00 PM
From: ariel bentolila   of 163
 
To All, I live in Florida and have no PBY's close by. I'm wondering
about the competative issues between PBY and AZO. PBY has had
profit margins of only 5.3%, while AZO has had 7.3%. I'd like to
know if this difference is due to PBY selling same quality stuff
cheaper, or if they simply have a higher cost structure. I hear
PBY's stores are large, so I wonder if they are like a HD or WMT,
who high value merchandise, and undercut everyone. Any opinions on
this, or other competative aspects between AZO and PBY.

BTW, I'm holding off until earnings time gets close, when I suspect
many fund managers might lighten positions until AZO's earnings
horizon becomes more visable.

Thanks, and looking forward to the comments,
Ariel-
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