Cramer Quick Take: Buy Dollar General
NEW YORK (TheStreet) -- Many analysts had given up on Dollar General
Cramer told Debra Borchardt at TheStreet.com Monday that he was wrong to have made that call and the company has turned itself around in just a single quarter.
With earnings up 9.2% on a healthy rise in revenue, Cramer said the fears of gross margin compression and increased competition just didn't materialize as many, including him, expected.
While the dollar stores typically suffer when the economy recovers, this time higher gasoline prices and increased payroll taxes have kept consumers shopping at the low end as the exact time that stores like Dollar General and Five Below
Cramer said he's not a fan of Family Dollar
To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here.
-- Written by Scott Rutt in Washington.
To email Scott about this article, click here: Scott Rutt