05-26-2020, 09:17 AM
(05-26-2020, 08:58 AM)kblake Wrote: DG had had such a big run. If I remember you bought ROST near the highs as well over $100; so you would be taking a loss on it if you sell. I just feel like your chasing DG at these levels. Think about it. A dollar store trading at $190 a share
Why not just buy TJX or TGT? Both those companies will continue to do well.
I bought ROST at $60.77 back in 2013. With reinvested dividends I am sitting on a gain of 237%.
I own eight shares of DG that I bought in August of 2016 in another account and am up 126% on that purchase.
The unemployment rate is over 20%, don't you think dollar stores will do well in that environment? I have more faith in DG's sales over the next twelve months than I do ROST's.
I already own a full position in TGT in this account. Agree that TJX is a good company too, but considering it's also suspended the dividend, I put it in the same boat as ROST.