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Top value investors attending the Berkshire Hathaway annual shareholders meeting offer their best bargain buys for 2013.

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    THIS MONTH'S ISSUE

    The Bull and Bear Case for AutoZone (AZO)
    By Market Folly

    Hedge Fund Activity & Company Background

    Steve Mandel’s Lone Pine Capital established a new $400 million position in AutoZone (AZO) during the first quarter. AZO is the largest retailer of automotive parts and accessories.

    Industry Background

    The auto parts aftermarket has two segments: the Do It Yourself (DIY) segment, which caters to car owners looking to repair and maintain their vehicles without the help of professionals; and the Do It For Me (DIFM) or commercial segment, which caters to individuals who pay service shops for repairs and maintenance.

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