Family Dollar FDO

Discussion in 'Stocks' started by marketsurfer, Jul 8, 2009.

  1. support levels.

    EDIT DELETE DELETE
     
  2. http://finance.yahoo.com/news/PowerRatings-Stock-Spotlight-tm-3450001881.html?x=0&.v=2

    Negative economic news has once again taken center stage in the United States. Fears of a short lived recovery, earnings nervousness, and spiking unemployment figures have reignited fears of recession and even a potential actual, no holds barred depression rivaling the 1930’s in the minds of American consumers. While the actual course of future events is uncertain, one needs to keep every possibility open when choosing investments proper for your portfolio. As such, locating companies that are poised to prosper despite potentially dire conditions, as well as being proven money makers during the good times is a priority for long term stock investors. Regardless of economic conditions, one thing remains constant, consumers love to shop for bargains. This fact has proven itself over and over in bad and boom times. The Long Term Power Rating stock spotlight this week is one such company that seems to thrive regardless of the economic environment. If you haven’t guessed, the company is the low priced, bargain retailer, Family Dollar FDO. This so called “dollar store” has earned a 5 Long Term Power Rating. For those of you unfamiliar with our rating scale, it is an easy to use, dynamic stock decision making tool based on 13 years of extensive, statistically significant studies, across most market environments. Our research has clearly shown that stocks that earn a 10 rating have an 81% chance of being higher one year later. Those possessing a 9 rating have a 79.1% chance of trading higher one year later and so on down the scale to 1. In this volatile, uncertain market environment, allow Long Term Power Ratings to assist you in building a profitable and safe portfolio.

    Family Dollar was started by 21 year old entrepreneur, Leon Levine, in Charlotte, North Carolina in 1959. His initial management philosophy was one that proved highly profitable over the years, “The customer is boss, and you need to keep them happy”. Leon’s business acumen kicked into high gear with 27 stores operating in 4 states by 1967. In 1970, the company went public and common stock began trading on the American Stock Exchange in 1972. By 1977, the firm was doing over $100 million in annual sales and moved to the New York Stock Exchange in 1979. The 1980’s were a decade of expansion with the 1500th store opening in 1989. Growth went into overdrive in the 1990’s when annual sales exceeded $1 billion dollars in 1992. In 2001, the company was added to the S&P 500 while sales climbed to $3 billion dollars per year. The company is now a nationwide chain with over 6600 stores stretching from Arizona to Maine.

    Family Dollar has just reported record third http://finance.yahoo.com/news/PowerRatings-Stock-Spotlight-tm-3450001881.html?x=0&.v=2

    April and was below the 50 day and 200 day SMA as of yesterday. Fortunately, the good earnings news caused price to spike higher today, landing above both the 50 and 200 day SMA support levels. Additional resistance appears http://finance.yahoo.com/news/PowerRatings-Stock-Spotlight-tm-3450001881.html?x=0&.v=2