Dollar General: I Was Dead Wrong, Thesis Revisited (Rating Downgrade)
GMGM(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 212apiece,wellabovetodayspriceof212 apiece, well above today's price of 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 ...