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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (5574)	12/27/1998 7:26:00 PM
From: Shane M	Respond to of 78774

I2, Autozone is _not_ a value stock, and I meant to say that in my first post. Sorry if I didn't spell that out. What I'm saying is that it helps me to look at the business first, and then determine how much I'm willing to pay. This is a different process from finding what is cheap and buying it. Example: Do I want to be in the auto parts retail? Probably not, but if I did Autozone would likely be my preferred company (based on a quick look its numbers - margins, debt,, ROE, etc - are so much better than PBY.) I'd then determine how much I'd pay for Autozone. This is more of a Buffett approach, but I think some value investors may evaluate opportunities in this way. I shouldn't comment on value stocks and dogs. I have not had good luck with my value investments, so they're pretty much all dogs to me <G> :-) Shane