Jinhui Feng, Carl E. Cerniglia, and Huizhong Chen, Toxicological Significance
of Azo Dye Metabolism by Human Intestinal Microbiota,» Frontiers in Bioscience (Elite Edition) 1, no. 4 (2012): 568 — 86 ↑
Like artificial sweeteners, consumption
of azo dyes might not be as harmful as some claim, but there is evidence that these chemicals can cause various negative effects in the body.
Not exact matches
Going with my theme
of increasingly intelligent capital allocation,
AZO has also increased its ROIC from 20 % to 25 % over the past five years.
At its current valuation
of ~ $ 500 / share,
AZO stands out with a price to economic book value ratio
of only 1, which implies that the company will never grow NOPAT from its current level.
None
of its competitors have an international presence while
AZO has over 300 stores in Mexico and has begun expanding into Brazil with three stores.
Even with a very modest expectation
of 6 % NOPAT growth compounded annually for 10 years, our discounted cash flow model gives
AZO a present value
of ~ $ 850 / share.
In addition to its superior profitability metrics,
AZO has a scale and geographic reach that none
of its competitors can match.
AZO has repurchased nearly half
of its outstanding shares over the past five to ten years, decimating common equity while providing a nice boost to EPS.
This week's Hot Stock, AutoZone (
AZO), a distributor and retailer
of automotive replacement parts and accessories has long been a favorite stock
of ours.
Fruit and vegetable powders and extracts have been turned into workhorses
of replacements for
azo dyes.
There are no harmful dyes used to weave the cloth or construct the scarves, so moms can relax knowing that the nursing scarf they've picked to protect baby really does the job: you won't find traces
of heavy metals, lead or
AZO dyes in the weave and the material is also Phthalate and BPA free.
As an organic molecule, the researchers used an
azo dye that consists
of two carbon rings with attached functional groups that are polar, i.e. slightly positively or negatively charged.
Dyes used in organic clothing must be environmentally friendly — as opposed to synthetic
azo dyes that require large amounts
of heavy metal salts to fix the dye to the fabric.
«Effect
of Food
Azo Dyes Tartrazine and Carmoisine on Biochemical Parameters Related to Renal, Hepatic Function and Oxidative Stress Biomarkers in Young Male Rats.»
In the examples cited (
AZO, NVR, etc...), the cannibalization created value because shares were bought in at discounts to intrinsic value over long periods
of time.
However, it would be nicer to have an internal compounding engine, coupled with a strong history
of buying back stock (sort
of like
AZO), not just buying back stock in a company that has not grown revenue and net income since 2009...
[Just look at the amazing run on Autozone (
AZO: US)-- yes, they've had great execution, but much
of its performance is down to aggressive / sustained stock buybacks].
Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple
of examples for
AZO (prices last updated Fri 4:16 PM ET):
Because these toxic waste products all contain the
azo - molecular grouping
of nitrogen, another term for uremia is azotemia.
Manufactured pet foods can contain umectants like sugar / sucrose, corn syrup, sorbitol and molasses; antimicrobial preservatives like propionic, sorbic and phosphoric acids, sodium nitrite, sodium and calcium propionate and potassium sorbate; natural coloring agents like iron oxide and caramel, and synthetic coloring agents like coal - tar derived
azo - dyes such as Yellow 5, Red 40, Yellow 6, and Blue 2; emulsifying agents used as stabilizers and thickeners, such as seaweed, seed, and microbial gums, gums from trees, and chemically modified plant cellulose like citrus pectin, xanthan and guar gum, and carrageenan; flavor and palatability enhances include «natural» flavors, «animal digest», and even MSG (monosodium glutamate); natural fiber like beet pulp, and miscellaneous additives like polyphosphates that help retain natural moisture, condition and texture
of manufactured pet foods.
«By using
AZO - free vegetable dyes, we ensure our pets and our planet are safe from harmful toxins for the life
of the toy.»
AZO, is an admirer
of parkour.
These are said to be processed only with Skal * approved bleaches (no dioxin), use
azo free and heavy metal free dyes, and be finished («sized») with an Indian soap nut, instead
of the usual formaldehyde.
Available in a variety
of styles and patterns, Moonbird uses 100 % GOTS - certified organic cotton and
azo - free dyes.