Dollar General shares crater 20% as retailer cuts outlook, blaming ‘financially constrained’ custome

Discussion in 'Stocks' started by Nighthawk, Aug 29, 2024.

  1. SunTrader

    SunTrader

    Employee theft gives customer theft a run for the money with many chains.

    Not much is said about that in the media.

    Then there is corporate theft which only gets publicized (Enron etc etc) only once the chit hits the fan.

    DG and others over-saturated the budget shopper market. IMO normal correction is all that is happening.
     
    #11     Aug 29, 2024
  2. vanzandt

    vanzandt

    Did you see the National Association of Realtors Pending Home Sales Index for July? It was the lowest month EVER. And the 30 year fixed had come down too. Unless it was a fluke, that says a lot.

    You can bet Powell is gonna take a good hard look at that. We might just be heading for a recession.
     
    #12     Aug 29, 2024
  3. I recently went to a Home Depot. All of their small power tools (grinders, saws, drills, etc) were in locked cages, and all samples were bolted down. Was a bit of a shock to see, but not surprised.
     
    #13     Aug 29, 2024
    zdreg likes this.
  4. schizo

    schizo

    If Trump becomes the next POTUS, all these dollar stores could go out of business from high tariffs. Of course, Trump doesn't give a fck about the lower class, even though most of these Trump-tards are from the lower echelon.
     
    #14     Aug 29, 2024
  5. The dollar store stocks are cratering under 3.5 years of Bidenomics.
    Try to keep up.

    Also, TDS is real. Seek help.
     
    #15     Aug 29, 2024
    wartrace, birdman, ktm and 1 other person like this.
  6. SunTrader

    SunTrader

    That's right, don't they know ecomanomics. We need another tax cut for the Palm Beach Billionaires wink, wink so the Dollar stores can stay in bitniss.
     
    #16     Aug 29, 2024
  7. zdreg

    zdreg

    Raising the minimum wage has resulted in store closings Until very recently the US had 5x per capita compared to Europe Bidenomics destroys jobs and prevents much needede entry jobs being created
     
    #17     Aug 29, 2024
    Clubber Lang likes this.

  8. check the V bottom trade in the other thread from yesterday close... I'm up HUUUUGEEE on ES and futures ROCKING ES up up up again tonight..


    buy on close... sell on rally

    do that every day and make huge risk free $$$$

    easy way to sleep at night
     
    #18     Aug 29, 2024
  9. poopy

    poopy


    Post the PNL. You're allergic to money and bought the top.
     
    #19     Aug 29, 2024
    Overnight likes this.
  10. ktm

    ktm

    It's amazing isn't it. Right in front of them is clear evidence that 3.5 years of inflation and horrible economic mismanagement has drastically hurt the poor so much that Dollar stores are now suffering, and instead of acknowledging that the Biden Harris team is driving the car into a ravine they demonize the guy coming to help.
     
    #20     Aug 30, 2024
    Clubber Lang likes this.