Now I get it…
Feb 22nd, 2006 by Jason
We (my co-workers at I) always wondered how our company would get around our $1 price point…
Dollar Tree Stores, Inc. (NASDAQ: DLTR), the nation’s largest $1.00 discount variety store chain, today announced that it has signed a Letter of Intent to purchase stores and related assets of the Deal$-Nothing Over a Dollar chain, which is owned by SUPERVALU INC. (NYSE:SVU).
(snip)
“I am excited about the opportunity that this acquisition provides to expand our presence in the Midwest and Southeast regions,” said Bob Sasser, [Dollar Tree] President and CEO. “We have existing logistics capacity to service all of these stores efficiently with no additional capital expenditure. Furthermore, the Deals acquisition includes a number of “combo” stores that offer an expanded assortment of merchandise including items selling for more than $1. All Deal$ stores will continue to operate under the Deal$ banner and they will provide an opportunity to leverage the Dollar Tree infrastructure in the development of a multi priced business without disrupting the single price point model in Dollar Tree Stores.
And so now this is when good things start to happen?
We’ll see.
I dialed into to the conference call where the CEO and CFO did the offical announcement of last years earnings + broke the news of the “intended” acquisition. It was wierd to hear all of ?’s at the end from industry financial analysts. It’s like “hey, I’ve read your columns before”.
I knew about this weeks ago
so much for insider trading.