Following our favoriate IPO anaylst, Francis Gaskins of IPO Desktop we have radared $DG which is scheduled to trade on Friday, November 13.
While discount stores are booming in a down economy it is uncertain how this IPO will perform from a purely trading stand point. Many IPO’s are good for an easy 5-15% gain or short gain. We are still doing more research using information from the IPO Report.
- Largest discount retailer in the United States by number of stores, with 8,577 stores located in 35 states as of July 31, 2009, primarily in the southern, southwestern, midwestern and eastern United States.
- New DG stores are typically cash flow positive in their first year, generally pay back capital in under two years, and, DG believes, deliver attractive returns relative to competitors.
While this all sounds positive the oracle of IPO’s doesn’t see it giving DG only a 7 out of 20. Please write in with any feedback.
| SCORECARD | Mgt | Market | Market Do- | Proprie- | Total | |
| 1-5, 5 is high | Growth | mination | tary | rating | ||
| 20 is perfect | 2 | 2 | 2 | 1 | 7 |
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