As GlobalData's Saunders observed of a $2.7 billion impairment charge taken at the time that was linked to Family Dollar's waning brand value, "Such a deterioration undermines some of the economics on which the acquisition and integration of Family Dollar were based.". All Rights Reserved.
5:45pm / Zacks.com - Paid Partner Content, Oct 21 / MotleyFool.com - Paid Partner Content, 6:18am / MotleyFool.com - Paid Partner Content, Oct 20 / MotleyFool.com - Paid Partner Content, Oct 23 / Zacks.com - Paid Partner Content, Oct 15 / Zacks.com - Paid Partner Content, Oct 22 / MotleyFool.com - Paid Partner Content, Oct 21 / Zacks.com - Paid Partner Content, Dollar General (DG) Gains As Market Dips: What You Should Know, These 3 Under-the-Radar Stocks Are Great Buys Right Now, Costco (COST) Thrives on Stellar Comps Show & E-Commerce, Dollar General to open new stores targeting wealthier shoppers, This NYC Startup Raises $51M to Disrupt the Retirement Industry, 20 Questions to Know If You're Ready for Retirement, 7 Mistakes That Will Ruin Your Retirement Income, 7 Retirement Secrets Smart Americans Should Know, You Can Still Buy This "Millionaire Maker" Stock, Bitcoin Up 30,000X -- Here's Your Backdoor In, This Stock Could Be Like Buying Amazon for $3.19. The end of the COVID-19 outbreak will also let Family Dollar's sister storefront Dollar Tree resume an encouraging experiment -- Dollar Tree Plus. But what about the stock? Dollar Trees and Family Dollars haven't geographically crept into unfamiliar demographics though, leaving them in the right places for the tougher economic environment they tapped into several years back. These select locations sell items prices higher than the $1 fare its stores are typically known for. It remains to be seen if we're at the onset of a technical recession. Dollar General closed Tuesday at $91.49, up 27.3% year to date, and in bull market territory up 53.1% from its 52-week low of $59.75 set on Nov. 13, 2015.
Perhaps most encouraging for current and prospective Dollar Tree shareholders is the fact that it never really wavered from addressing its proven core customers at a time when the economy is damaged.
Even more, Family Dollar business-boosting renovations were planned for this year -- more than 1,000 in all, originally expected to be completed during the latter half of 2020. Dollar General still deserves respect, but this is the year investors could really start to see Dollar Tree shine. The advent of COVID-19 has obviously disrupted those plans, but for all the right reasons. This article is commentary by an independent contributor. After shuttering dozens of Family Dollar units through 2018, in early 2019 the company revealed sweeping plans to close nearly 400 stores. At the time of publication, the author held no positions in the stocks mentioned. The study in red along the bottom of the chart is weekly momentum (a 12x3x3 weekly slow stochastic), which scales between 00.00 and 100.00, where readings above 80.00 indicates overbought and readings below 20.00 indicates oversold.
All told, it established 975 new locations last year, with a similar number in the cards for 2020. Its customer complexion is changing for the better too. All of these initiatives and nuances are tough to see, and even tougher to measure; the coronavirus pandemic has obscured everything. A daily "key reversal" day occurs when a stock sets an all-time intraday high, then closes below the prior day's low on the same day. Cumulative Growth of a $10,000 Investment in Stock Advisor, Forget Dollar General, Dollar Tree Is a Better Discount Retail Stock Right Now @themotleyfool #stocks $DLTR $DG $WMT, Why Dollar General Is Extending Its Lead Over Dollar Tree, Copyright, Trademark and Patent Information.
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