Stan Wong
Family Dollar Stores Inc.
FDO-N
TOP PICK
Aug 09, 2012
2nd largest retailer in the discount space and has 7000 locations in the US. Consumers are going to continue to deleverage and curb their spending habits. This company is very well positioned to continue to expand its growth profile. Trading with a 15% growth rate of EPS with a low beta of 6.7.
Generally speaking retail is a weak environment to be in. However, this is probably in the best sector in retail, which is in discounting. Have been able to carve out a niche even in the shadow of Wal-Mart (WMT-N). Pretty good results in the last quarter. Should do well with consumers in a recession over the next couple of years.
(A Top Pick Aug 9/12. Up 8.52%.)Beat their earnings and narrowed their focus going forward. Sold a big chunk of his holdings in order to focus more on names that are more levered to the rising economy.
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2nd largest retailer in the discount space and has 7000 locations in the US. Consumers are going to continue to deleverage and curb their spending habits. This company is very well positioned to continue to expand its growth profile. Trading with a 15% growth rate of EPS with a low beta of 6.7.