Q: Hi there,
What’s your thoughts on ATZ is it overvalued, overbought? It’s running up a lot.
Ok thanks as always.
What’s your thoughts on ATZ is it overvalued, overbought? It’s running up a lot.
Ok thanks as always.
5i Research Answer:
ATZ is not cheap, but at 32X earnings is reasonably priced considering its potential and recent earnings acceleration. It expects at least 20% growth and will likely exceed this with new store openings and success of events such as warehouse sales. We would still be comfortable here.