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

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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