Dollarama may be the giant that everyone thinks of when talking about dollar stores, but there are many promising names that have growth potential. No business is immune to Amazon but dollar stores have historically been able to make their way ahead of Walmart and are still growing strong in the low cost niche.
Here are 5 dollar store stocks that could compete with the e-commerce giant.
(A Top Pick Jan 21/19, Up 29%) He trimmed them in the mid-to high $50s about a year or so ago and then added them back. They exercised their option to take a 50.1 stake in a chain in South America. They do everything very carefully. He thinks it could be a really nice growth…
101.36 The largest US dollar store. This pulled back in the last quarter of 2019; margins depressed due to tariffs and transportation costs, but these will pass. They bought Family Dollar a few years ago and had trouble intregrating it, but that's behind them them. They're introducing refrigerated foods now, and various price points which…
Decent growth rate of 11-12%. Resilient stock in case of a recession. Very smart rural locations, away from competitors. Strong technical chart.
(A Top Pick Aug 08/18, Down 54%) He sold last fall around low-$40's so didn't suffer the drop to the low-$20's (where this stock is now).
$5 and below and for teenagers and tweens. He would buy if he did not already own it. Buy half and if it sells off, you can buy more.