A favorable article on Dollar General -- one of Jim's recommendations/holdings:

(kind of off topic for here, but since you mention them---

Well, between that writer and me, that's two people who are optimists. Only about 7 billion more to go!

A recent post about a theory of perhaps WHY they are doing so poorly lately: https://www.shrewdm.com/MB?pid=223679602
In short, their core not-well-off customers have only so much money, and recently a surprising amount of that spend has been going to Temu. The rise of Temu's market share among that cohort almost precisely matches the fall of the combined market shares of Dollar Tree and Dollar General, which is a suspicious coincidence. It's not the same set of goods, but the market shares of all retailers among those pinched wallets have to add to 100%, so Temu's dollars had to be diverted on a relative basis from some other destination.

Though it is the life's work of a depressed snail, DG's stock has actually done better than the average S&P firm in the last almost-month.

Jim

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