Subject: Re: Full disclosure
I've been adding incrementally on the way down. Am planning to back up the truck (well, double my position, whether or not that counts as a truckfull) at 100.
Have toyed with the idea of selling to take the loss and buy back in a month, but I figure the market gods would use that as an opportunity to smite me with a PE takeover or reorganzation.
Since I havent sold I figure we keep bleeding...death by a 1000 papercuts
In the meantime, the fellow behind TSOH substack opened up his paywall briefly and posted this about DG. The scariest figures for me are 1 - the declining EBIT margins over time, 2 - the 1 year charts of WMT vs DG. Feels like a good lesson in not fighting the market
https://thescienceofhitting.co...