Stocks That Thrive In Tough Times: Dollar Tree
May 28, 2008 by Tisa Silver
Filed under Investing
Shares of discount retailer, Dollar Tree, have provided over a 700 percent return on investment since their public debut in 1995. Last year, the rate actually peaked over 1,000 percent.
Today Dollar Tree surprised Wall Street by reporting a quarterly sales increase of eight percent and a profit increase of fourteen percent. The company posted sizable gains on the sale of food, cleaning products and health-care items as consumers sought relief from sky-high gas and food prices.
Shares traded up about seven percent on today’s good news. The company warned that fuel prices will impact profits in upcoming quarters, but that is a systematic risk that should already be …read more





