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Dollar stores thrive in tough times, but is it too late to buy in?

The New York Times reports that dollar stores are thriving as consumers look to pinch pennies: "The nation's dollar stores, those once-dowdy chains that lured shoppers by selling some or all of their merchandise for $1, are suddenly hot. They are busily opening new stores, outfitting existing stores with refrigerators and freezers, and sprucing up their aisles with better lighting, fresh paint and new signs."

Shares of Dollar Tree Inc. (NASDAQ: DLTR) have been strong performers as the company's same-store sales numbers have been terrific and the company plans ambitious new store opening plans. KKR's $7.3 billion acquisition of Dollar General in March of 2007 looks like one of the few good buyout deals to have come at the peak of that boom.

Continue reading Dollar stores thrive in tough times, but is it too late to buy in?

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DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 26, 2009: 03:27 PM

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