Autozone Easily Beats Estimates: Is Lampert a Genius Again?

4 Dec 1:13am
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Does Autozone's (AZO) earnings report today is sending shares up 15% today (up 9% for the past year). Does Sears Holdings (SHLD) Chairman's Eddie Lampert's near 40% stake in the company now mean he is a genius again? I can't help but notice CNBC has not mentioned ONE TIME TODAY his stake in the company. Mistake? I think not.

Does anyone else find it odd that post after post has hit the blogsphere and the mainstream media bashing Lampert's investments almost hourly for the past three weeks, today's news has been met with a deafening silence?

Where are all the pundits today? Are we done piling on? If a bad 9 months means Lampert has offically "lost it" then a 16% gain in one day by the same infantile logic must mean he is an uber-investor once again, no?

This is the problem with short term thinking. I makes you stupid. Nobody is "what they did today", there are what they have done up until this point. Investors like Bill Miller, Berkshire Hathaway's (BRK.A) Warren Buffett and Lampert, who have produce decades of market beating return just do not lose it. Investing is not like baseball where a power pitcher turns a certain age and the skills just go. If anything, age and the knowledge that come with it help investors.

CNBC is really disappointing me today. It is one thing to bash an investor and even another to use "questionable" comparisons to make your point, but it is ethically vapid to then not be "fair and balanced" (wrong network?) when events turn.

It just comes down to a credibility issue, they are losing it.

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About

ToddSullivan

A Massachusetts based value investor, I look for companies whose current valuation is at a discount to their true value. When I purchase a stock, my typical holding period is several years. I consider buying a stock purchasing a piece of a business. I am confident once I make a decision to buy that eventually the market as a whole will recognize the true value of the business and value it accordingly. It may take 1 month, 6 months or a year, but if I buy it at enough of a discount to its true value my results will be (and have been) superior to the market as a whole. Of all the disparate investing disciplines, value investing has stood the test of time. The great investors of have all been value investors. Warren Buffett, Ben Graham, Bill Ruane (Sequoia Fund), Bill Miller and Wally Weitz, all have consistently outperformed the market for decades by using various forms of value investing. Currently I am a contributing writer to Seeking Alpha, Vinvesting.com, The Stock Masters and Value Investing News. Posts have been reprinted in The Wall St. Journal, Yahoo Finance, Google Alerts, Google Finance, TheStreet.com. 24/7 Wall St. and Topix.net.