I agree with Cramer that Family Dollar will do well in a recessionary environment. According to him they have yet to expand into California...one of the hardest hit places.
I am also going to commit to very short term plays only besides those that simply make sense like this one
For example...
I recommended a bunch of oil plays a few weeks ago thinking the sector was going to turn around. Well most of those are now down 40-50%, and I haven't closed the ratings in hopes that they would rise again and salvage my rating.
Family Dollar is in a position to benefit from the weak economy, especially with late summer/back-to-school buying by consumers who will be looking for bargains with the price of fuel still close to record prices. It will take a continued drop in oil over the next several months for consumers to change their buying patterns. In the meantime, discount retailers such as Family Dollar will benefit. The stock is moving out of a channel baseline pattern between 20 - 22 on heavy volume and is testing minor resistance in the 25 - 26 area which will likely be penetrated. Next minor resistance ...
7/3 - "...same-store sales are currently tracking up about 6%, a sharp acceleration from recent months and the strongest they have been in two years. While tax-rebate spending is a significant factor behind the better trends, we are incrementally confident that an accelerating consumer trade-down dynamic, company initiatives, and a forthcoming increase in the minimum wage will help sustain momentum into 1H09, even as rebate spending tapers off and gas prices remain high. We are raising our forecast and target and continue to view Family Dollar as a good defensive name in a very tough retail...
7/7 - "The company pleased investors last week, when it reported fiscal Q3 EPS of 46 cents and revenues of $1.7 billion. Analysts had been looking for 40 cents and $1.7 billion. The CEO attributed success to the company's "intense focus on controlling expenses and mitigating inventory risk." Management also guided Q4 EPS to 30-35 cents (29 cent consensus).
FDO shares popped on the news and then moved into the initial stage of a bullish "pennant" consolidation pattern. Prices frequently exit pennants moving in the same direction they were traveling on entry. In this case, that would be to t...
Family Dollar Stores (NYSE: FDO) operates a chain of more the 6,500 U.S. retail discount stores, offering consumables, home products, apparel, electronic items and seasonal goods. The firm specializes in neighborhood outlets, located near its low- and middle-income customers in rural and urban areas. Most items are priced under $10. Wal-Mart Stores (NYSE: WMT) and Dollar Tree (NASDAQ: DLTR) are major competitors.
The company pleased investors last week, when it reported fiscal Q3 EPS o
Family Dollar Stores, Inc. operates a chain of neighborhood retail discount stores in the United States. It offers general merchandise in four categories: consumables, home products, apparel and accessories, and seasonal and electronics. The consumables category consists of household chemicals, paper products, candy, snacks and other food, health and beauty aids, hardware and automotive supplies, and pet food and supplies. The home products category includes domestics, such as blankets, sheets, and towels; housewares; giftware; and home decor. The apparel and accessories category comprises ...
Family Dollar Stores, Inc. operates a chain of neighborhood retail discount stores in the United States. It offers general merchandise in four categories: consumables, home products, apparel and accessories, and seasonal and electronics. The consumables category consists of household chemicals, paper products, candy, snacks and other food, health and beauty aids, hardware and automotive supplies, and pet food and supplies. The home products category includes domestics, such as blankets, sheets, and towels; housewares; giftware; and home decor. The apparel and accessories category comprises ...
Portfolio results thru 8/8/08
- Portfolio at www.updown.com - started 1/11/08
9.8% return includes dividends and commission.
Started socialpicks on 6/30. some stocks here are not in...
Stock update and watch list 7/29/08
- Due to difficulties understanding the socialpicks system regarding changing rating from buy to hold and thus resetting the performance, I wanted to sum...
Great Dividend Stocks
- All the below listed stocks have great balance sheets, a sustainable dividend all with growth potential over 10%. These stocks will be great in this vo...
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FDO
About Family Dollar Stores Inc.
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