99 Cents Only Stores (NYSE:NDN)
CAPS Rating:
The Company is an extreme value retailer of consumable general merchandise with an emphasis on name-brand products.
The Company is an extreme value retailer of consumable general merchandise with an emphasis on name-brand products.
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Looking at the weaker than expected retail sales numbers from Jan and talk of home buyers being required to put down 20% I see more and more evidence of a two tiered economy. In said economy, to thrive a company either has to go after the affluent or the low income consumer. NDN is a solid company with virtually no long term debt focusing on the later type of consumer. I'm going in.