Brian Langis
Value, contrarian, growth at reasonable price

Update: After A 16% Run, Dollarama Still Generating Dollars

Recently Dollarama, DOL or OTC:DLMAF, has hit the lower range of my valuation target. On June 3rd 2013, I published a valuation report on DOL, Dollarama - A Stock That Generates Dollars. My research concluded that the implied intrinsic value of Dollarama is in the range of $6 to $6.6 billion, or $84.7 to $93.7 per share. As of September 30th 2013, DOL was trading at ~$84 with a market cap of $5.9 billion. I admit that the target price was hit much earlier than I anticipated. When I wrote the valuation report, DOL was trading at ~$72 a share and is now up 16% since. That's pretty spectacular and blitz runs like that don't come too often....

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