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Pirates21 and Investing

The above is not what you want to see when you open the elevation profile of a road race! Unfortunately it does look a lot like the first half of the Pirates21 race (www.pirates21.co.za) with the two circles being perhaps the dreaded K1 & K2 (the nicknames given to the two most demanding climbs in the first half of the race). Fortunately this is not a real elevation profile of the Pirates21 race, but the price return of Autozone (indexed to 100) since Credo first purchased the stock in October 2013 for our clients invested in the Credo Best Ideas Portfolio. AutoZone is the leading “DIY” retailer and commercial distributor of automotive parts and accessories in the United States. This is a classic example of the type of investment one would want in your portfolio.

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