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Family Dollar Stores Inc. Message Board

  • jrad52 jrad52 Nov 19, 2012 3:59 PM Flag

    Was there an upgrade today?

    I know the market's up a lot, but FDO and DLTR are up even more, while DG is down. I didn't see any news for FDO. Does anyone know if there was an analyst upgrade? Or maybe some news I missed? Thanks.

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    • CS has a note out this AM talking about the risk to dollar stores and Wal-Mart if the payroll tax cut is not extended or replaced with something similar. They are projecting 2-4% drops in sales for the companies, and 4% - 9% drops in EPS, with DLTR most at risk.

      If a deal in reached in DC, maybe this risk goes away. Maybe yesterday, the market was more optimistic on this, but in that case, I don't understand why DG didn't join in yesterday's party.

 
FDO
77.96+0.17(+0.22%)May 27 4:03 PMEDT