Thursday, April 11, 2024

This $3 Billion Retailer Has the Goods to Thrive

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Dealmaker's Diary: This $3 Billion Retailer Has the Goods to Thrive

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Alpesh Patel

Alpesh Patel
Quantitative Investing Specialist

While the Nasdaq is known for its tech giants, there's a hidden gem in the index that's been thriving in a completely different sector.

The company's been around since before World War II... and it's the largest retailer of its kind in the U.S.

It also has an impressive $3.4 billion in total revenue and pays a dividend.

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But what really caught my eye is the company's consistent growth. In the fourth quarter of 2023 alone, it opened 19 new stores and saw a 2.5% increase in net sales.

For a company of this size, that's no small feat.

The stock comes in at a 7 on my proprietary Growth-Value-Income rating... and generates a fair amount of cash on the capital it invests.

And if the stock resumes the upward trend it enjoyed in 2021, it could see significant gains from here.

Get all the details on the company - including the ticker - in my latest video.

Click here or on the image below to watch it.

Video - Earnings, Income and Momentum
 
WATCH THE VIDEO
(WITH TRANSCRIPT)

Happy hunting,

Alpesh

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