Subject: Re: DG Earnings...not pretty
DG currently $131-132 in premarket, roughly 16-17% drop.
I think this could have been anticipated; DLTR dropped around 13% instantly last week on similar news, and DG only dropped 3% at the time. Also similar bad news from several other US retailers re: shrinkage/shoplifting.
> At least the compnay didnt buy back any shares last quarter...
Buying back when the price is high, then being unable/unwilling when the price is low, is surely a bad thing.
lux