Dollar General: I Was Dead Wrong, Thesis Revisited (Rating Downgrade)
GM(GM) Seeking Alpha·2024-09-06 17:56
jetcityimage Dollar General (NYSE:DG) has to be the worst bull thesis of my life. Barely 18 months ago, I issued a rare "strong-buy" rating when this stock traded at 80 and sinking. The retailer has recently announced earnings and guidance that sent investors running to the exits in a stampede. As shares approach a massive drawdown of 70% (see purple line below), this seems to be the perfect time to revisit the failed thesis. Is DG a bargain stock, trading at a mere ...