Trading Near a 9-year Low After a Guidance Cut, Is Now a Golden Opportunity to Buy Dollar Tree on the Dip?

It's been a challenging time for some discount stores. After rival Dollar General (NYSE: DG) saw its shares lose a third of their value late last month following disappointing results and guidance, Dollar Tree (NASDAQ: DLTR) didn't fare much better when it announced its own fiscal Q2 results; its stock fell by more than 22% in the session that followed. Let's take a close look at Dollar Tree's earnings report and guidance, and see if investors should buy this dip. After investors saw the Dollar General report, it probably shouldn't have come as a huge surprise to them that Dollar Tree was feeling some pressure, too, but the stock got hammered on the news nonetheless. On the earnings call, Dollar Tree Chief Operating Officer Mike Creedon described the current macroeconomic environment as "one of the most challenging" the company had ever experienced. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool