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Stock Market & Financial Investment News

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March 26, 2009
05:55 EDTFDO, FDOFamily Dollar benefits from budget-conscious spending, BusinessWeek reports
Family Dollar Stores' (FDO) strategy of providing consumers with compelling values while managing to keep costs and prices stable have allowed it to maintain its streak of constant earnings in spite of the weak economy, says Ryan Crane, CIO at Stephens Investment Management Group. Many Americans have embraced budget-conscious spending, bolstering Family Dollar's sales and earnings. "This kind of thrifty shopping won't end anytime soon", Crane adds. Trading at $32.06 a share, Crane figures Family Dollar could easily double in 12 to 18 months. Reference Link
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