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Just wondering if y'all still like it'

I added some at 126 and 120. Uncle Warren said something to the effect of "why is it people buy hamburger when it is cheap, but avoid stocks on sale?"

I've been adding. Retail has its ups and downs, but it doesn't look to me like the business is broken. If they can get back to anything like their historical margins, they should do fine.

Yeah I'm adding also. Those DG stores are all over my rural Texas area, and they are a real asset to folks out in the country so they don't have to rely on high priced 'convenience stores'.

Heck, maybe Berkshire will buy DG. 🤷🏼‍♂️

Just wondering if y'all still like it'

I just got an alert that DG hit 120. I had set a GTC buy order there, but lowered it to 110 when DG kept going down and down.

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.

Where is MUNGOFITCH on this stock? He loved it WAY higher.

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