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No. of Recommendations: 1
I can't believe the Fools would have bought them in the first place. Before you invest in a stock you should try to find out a bit about the business - in the case of a retailer - find one and go shop it. Anyone who would have taken the time to do so would never buy stock in this company. Family Dollar is a third or fourth tier retailer that's only successful until a 21st century retailer like K Mart, Wal Mart or anyone else (is Zayre's still around? - they'd kill FD too) moves into a market. Kind of like Hardees in the fast food market. Towns with 500 people are thrilled to finally get a Hardees to compete with the Dairy Ripple....until McDonalds, Wendys and Burger King move in. Family Dollar is in exactly the same boat.
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