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Dollar General Corporation Message Board

  • missmarket30 missmarket30 Dec 6, 2012 10:37 AM Flag

    WOW - GONE NO WHERE IN ONE WEEK

    one week of trading and stayed at 44 -what is going on?

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    • Been hanging around the $45 level for a while now on the charts-- might be working on forming a base at that level. Need a few more earnings reports to confirm things aren't getting "too much better" in the economy for people to switch from the dollar stores to Walmart and the higher-priced discounters, if that makes sense. If they are switching, then the story is over. AND, if they are switching but the company is still building out the number of stores, those stores probably won't be as profitable as the current ones, and that would burn through cash and bring down the margins.

      Need to see things getting better enough to have current customers increase the amount they are spending at the store, without switching to other outlets.

 
DG
56.88+0.78(+1.39%)Jul 30 4:00 PMEDT

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