3 Reasons Dollar General Is a Buy
The U.S. is adjusting to the difficult circumstances in which many people cannot go to work and are essentially forced to stay indoors in an effort to contain the spread of COVID-19. There's a continuing impact on the country's economy as 3.3 million Americans filed for unemployment benefits in the week ended March 21, according to the Labor Department. And many economists expect that figure to go up in the coming weeks with restaurants, bars, and other nonessential businesses closing down or reducing their hours.
It is hard to stay optimistic, but there are still attractive investments out there. One is Dollar General (NYSE: DG), which can thrive even in a down economy. The company opened its first Dollar General store 65 years ago and has since then built a remarkable track record of consistency. For the last 30 consecutive years, it has posted an annual same-store sales (comps) increase. This obviously encompasses some challenging periods, including the Great Recession in the 2007 to 2009 period.
Clearly, Dollar General is doing business the right way to generate consistent sales growth. Here are three reasons the shares are an attractive investment right now.
Source Fool.com
