1 Growth Stock Down 70% to Buy Right Now
Dollar General (NYSE: DG) has experienced a brutal stock price decline, with its shares falling roughly 71% since hitting a peak in late 2022. It is facing headwinds, for sure, but the company is still growing. And its efforts to turn performance around appear to be gaining traction. Is Wall Street being too pessimistic today after, perhaps, having become too enthusiastic a couple of years ago?Here's why now could be a good time to take a risk on Dollar General's stock.Dollar General is a retailer, but it has a unique position in the sector. For starters, it offers a wide array of everyday products at price points that are easily accessible to consumers. Its target customer is less affluent, so this makes sense. But the real differentiation point comes from its store footprint.Continue reading
Dollar General (NYSE: DG) has experienced a brutal stock price decline, with its shares falling roughly 71% since hitting a peak in late 2022. It is facing headwinds, for sure, but the company is still growing. And its efforts to turn performance around appear to be gaining traction. Is Wall Street being too pessimistic today after, perhaps, having become too enthusiastic a couple of years ago?
Here's why now could be a good time to take a risk on Dollar General's stock.
Dollar General is a retailer, but it has a unique position in the sector. For starters, it offers a wide array of everyday products at price points that are easily accessible to consumers. Its target customer is less affluent, so this makes sense. But the real differentiation point comes from its store footprint.
