Taking profit in Dollar General

My earlier post talked about market overreaction from Amazon's purchase of Whole Foods. Many grocers' share price fell 5-10% on the day of the announcement. I bought Dollar General (DG) during the dip. On that day (16 June 2017), DG actually reached the low of 65.97. That's nearly 9% from the prior day's closing price … Continue reading Taking profit in Dollar General


Market overreaction from Amazon buying Whole Foods

The news of Amazon buying Whole Foods is nearly two months old. The deal is valued at $13.7bn, representing a 27% premium to Whole Food's closing price. When the news was announced, the stocks of traditional grocery stores were clobbered. Walmart tumbled 5%, Target -5%, Kroger -9%, Dollar Tree nearly -4%, Dollar General -3%. Roughly … Continue reading Market overreaction from Amazon buying Whole Foods