Managing Director Stephen M. Goddard of The London Company of Virginia says Dollar Tree, Inc. (DLTR) is a position in his firm’s madcap strategy that has appreciated meaningfully, and is one reason behind the firm’s high exposure to the consumer discretionary space.
“Dollar Tree, our largest holding, has done very well and is currently about 6% of the strategy. We have confidence in the management team meeting many of the metrics we are seeking: high returns of capital, shareholder-oriented capital allocation and a reasonable valuation,” Goddard said.
FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE.
While normally wary of acquisitions, Goddard says Dollar Tree has been disciplined in its deal for Family Dollar, which will more than double its store base.
“We believe they have a large opportunity to accrete significant value through margin enhancement and synergies,” Goddard added.
Celldex Therapeutics (CLDX) More than Doubles in Less Than Nine Months: More to Come?
June 03, 2013
Cracker Barrel Old Country Store (CBRL) Grows Earnings Per Share; Better Same-Store Sales Than Industry
July 12, 2013
Citigroup Inc (NYSE:C) Fundamentals Improve More Than Other Large Banks
January 05, 2016
Legacy Oil + Gas (TSE:LEG) Trades Inexpensively; Has More than 85% Light-Oil Exposure
May 10, 2013
China Shenhua Energy Company Limited (HKG:1088) More Than a Coal Company
April 17, 2014
