No. of Recommendations: 3
I would recommend this 100 times if I could..."All of these quality problems have been around for years, for dollar stores, and yet they have done well."
This is the classic Wall street honchos doing their thing....errr...They first stick with a company ride it all the way high....and then they come out at the top....wait for 1 or 2 bad earnings...and then go on a witch hunt, using everything they have - short the stock, make sure the paid media talks endlessly the negatives and blow them out of proportion....I sometimes wonder how is this even legal, but you learn and move on
Like DTB mentioned, did all these DG stores suddenly turn into horrible places...just look at the amount of negative articles on DG in the last couple of weeks....and then the mindless JPM analyst downgrades...where were all these when DG was in $230s..For god's sake, the media went on a limb stating these are the quintessential recession proof stocks!!!
This too shall pass...It might go up or down in the next few quarters....but I don't see how DG store is not going to exist for another 10 -15 years...and if that is the case, I think they will do quite well!!!
