If I Could Only Buy 1 Stock Right Now, This Would Be It
Contrarian investing is much harder than it looks. It's easy to talk the talk, but putting your money where your mouth is isn't such an easy task when asset prices fall and Wall Street's experts pile onto a struggling business.
In spite of this -- or really because of it -- I'm going to vigorously defend the seemingly indefensible Dollar General (NYSE: DG). Stocks don't go on sale unless there are apparent problems, and Dollar General's problems are fully known, acknowledged, priced in, and probably not lethal to the company's long-term prospects.
From a top-line perspective, 2023's second quarter wasn't terrible for Dollar General. The company's net sales grew nearly 4% year over year and same-store sales were nearly flat.
Source Fool.com
