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  • Heard on Dollar General's (DG -6.5%) earnings call: 1) Plans to open 635 new stores in FY13, including 20 Dollar General Market Stores. Total square footage will increase 7%. 2) Plans to improve inventory controls in 2013. Chinese New Year will be a focus as will "defensive" merchandising. 3) While selling cigarettes should boost sales, the company concedes the category is dying. Even so, expect a rollout in 2013. 4) CEO Rick Dreiling on sentiment: "I think the customer is fatigued, they're tired, they're scared." (webcast[View news story]
    What are people's thoughts about a "buy" of DG? Experts were bullish on it ....before today they said that it was a buy at 47.00 Now today the CEO is painting a lesser picture, and the market is reacting and taking it down to 42 You think 42 is short lived, and the stock will bounce back. A tough economy should be a plus for DG Maybe their drop and lesser future earning forecast is signaling a better and more positive economy and a move away from discount stores???
    Dec 11 05:25 PM | Likes Like |Link to Comment
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