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Dollar Tree, Inc. (NASDAQ:DLTR) has jumped like a frog in two days following the company’s better-than-expected second-quarter earnings report. Dollar Tree guided full-year earnings between $4.44-$4.60 on revenues of $22.07 billion-$22.28 billion, with both midpoints coming in better than analysts expected. The AOL, Inc. (NYSE:AOL) Time Warner Inc (NYSE:TWX) merger in 2000 was the epitome of overvaluation and excess optimism at the height of the late 1990s dot-com bubble.
Dollar Tree reported better-than-expected profit and comparable sales, helped by lower costs and discounts.
Schultz said Starbucks has been fortunate never to have attracted an activist investor.