DG
- vedanup
- Jun 15, 2014
- 1 min read
DG is gonna be one hell of a ride. I got in DG at $53 and rode all the way to $63. Now its time for some consolidation. Recently Carl Icahn bought 9.4% stake in Family Dollar and is pushing the management to spin off Family Dollar and merge with Dollar General. Also DG's business has been doing exceedingly well where as big retails like Walmart and Sears are having a hard time to report profits. I believe DG is significantly undervalued and I expect it to be around $80 by the end of this year. Once it consolidates I will start accumulating some calls again for another pop. It reports on September 3, 2014. Expect it to beat estimates.
Comments