Dollar Stores
I was just having a conversation over the weekend about dollar stores, and how much money they really could be making. I live near a strip mall with a dollar store and there never seem to be very many people in there. The strip mall rent is expensive, so we had decided they weren’t profitable.
Then I saw this today: Dollar General shares jump amid hefty buyout proposal. KKR does some strange things but they seem to make money, and they’re offering 7.3 billion for DG. Makes you wonder.