Don't you think that management is lowballing for the next quarter?They are calling for sales to be 1.32-1.36 billion.They did 1.35 billion and made 92 cents this quarter.If they do 1.36 billion,they should make at least 92 cents.
Reading up on their guidance from last week, sounds weak and they're more discretionary. imo I'm sticking to these types of plays and just daytrading this environment. It's just too crazy and going to get crazier. That EOD market sell off doesn't bode well. I thought we may get back to 1110-1140 area in the S&P on a couple, 3 day bounce but now.....
I would agree. My feelings are expenses will be less and revenue may actually increase in this environment. I'm a FDO fan also but regarding the stores presentation DLTR has them beat hands down from my limited experience in the stores I've seen. Like I said previously, the business model couldn't be better for our business climate. Also there were actually 8 analysts that commented between yesterday and today found at various internet sites and the price target range I saw was 68-77. That includes the downgrades. I thought today's action was good considering. The markets in general appear to me ready for a short term bounce that may take the S&P to its 20ma ~1035-1040. I still believe technically this is set up for a run to the 64-66 area.
Got close to first target. Looking to see if the 62.75 area can now provide support. Large volume in 65 and 70 June calls today. Market sell off EOD looked ugly. Hope it doesn't drag this with it. Been immune so far.