Where Will Dollar Tree Be in 1 Year?
Dollar Tree (NASDAQ: DLTR) has offered enough bargains to grow into a leading company in its retail niche. It debuted in March 1995, coincidentally at the split-adjusted price of just over $1 per share. Trading at about $107 per share today, Dollar Tree stock may have become the store's best dollar-store bargain.
However, retail remains a competitive industry, leading to questions about whether the company can deliver for investors over the next year. Let's take a closer look at the company to see whether it could become a great buy.
Dollar Tree is a retail stock competing in the ultra-discounting business. It operates more than 15,600 stores under the Dollar Tree and Family Dollar names across the U.S. and Canada. Since it is a discounter among discounters, stores such as Dollar General (NYSE: DG) and Big Lots (NYSE: BIG) are its most direct competition.
Source Fool.com
