I've added a bit, not a lot. My view of intrinsic value has gone down, but not as much as the stock price.

There are some good thoughts posted on the DG board, and dpla3 passed along what I find to be a good take on the issue:

https://eaglepointcapital.substack.com/p/whats-goi...

I'd recommend both the article and the comments, and clicking through to the 2021 piece.

I think it's clear that the firm is having significant labour issues, and is also finding competition to be a bit stiffer than normal (via two different streams, Family Dollar + WMT/TGT ). If Q2 was a 'kitchen sink' quarter, the possibility of which is raised in the above, the stock is looking quite cheap. That's a big if, though.

As it stands I think DG is the worst performing or second worse performing stock in the S & P 500, year to date.

Berkshire Hathaway FAQ

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