Opinions
Stan Wong
Family Dollar Stores Inc.
FDO-N
PAST TOP PICK
Jul 10, 2013
$68.500
Stock price when the opinion was issued
department stores
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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.
department stores
TOP PICK
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.
department stores
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(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.