Earnings Thursday. (DG too) Expect the most optimistic diatribe you have ever heard. Meet and beat, all is well, the future has never been brighter.....blah blah blah. It might run, but 52 weeks from now, it will be much much lower. PS... Cramer pumped it tonight. Need I say more. $95.76 After Hours.
Don't tell me, lemmee guess..... I go to work out, after market close... the stock is trading AH's @ $95.60..... Now I look and its $96.32 The big jump came at 6:08PM. Now I wonder why that is..... HMMMMM.... I guess I'll go check the DVR and see what old Jimbo ran his mouth about.
Pretty nice pull-back this AM. 8%. Four million shares traded in an hour. Oversold? Maybe. Go for it. I think I'll wait till that 50 PE changes to 25 ... ie $44/share.... and they pay a dividend... and figure out what they are going to do with all those under-performing Family Dollar locations . But thats just me. G/L
$DG and $DLTR are a perfect examples of how the MM's totally have this market rigged. How can an ER go from good to bad in a few months?