247wallst.com Open in urlscan Pro
2606:4700:10::ac43:1c08  Public Scan

Form analysis
1 forms found in the DOM

GET https://247wallst.com

<form id="searchform" class="field has-addons" method="get" action="https://247wallst.com"> <input type="text" name="s" value="" placeholder="Search 24/7 Wallst." id="searchbox" class="input"> <input type="submit" value="Search"
    id="site_search_button" class="subscribe button"> </form>

Text Content

Skip to content
City Data Centers
Crime by State Cost of Living by State Population and Demographics by State
Crime by State
Alabama Alaska Arizona Arkansas California Colorado Connecticut
Delaware Florida Georgia Hawaii Idaho Illinois Indiana
Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts
Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada
New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio
Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee
Texas Utah Vermont Virginia Washington West Virginia Wisconsin
Wyoming
Cost of Living by State
Alabama Alaska Arizona Arkansas California Colorado Connecticut
Delaware Florida Georgia Hawaii Idaho Illinois Indiana
Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts
Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada
New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio
Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee
Texas Utah Vermont Virginia Washington West Virginia Wisconsin
Wyoming
Population and Demographics by State
Alabama Alaska Arizona Arkansas California Colorado Connecticut
Delaware Florida Georgia Hawaii Idaho Illinois Indiana
Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts
Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada
New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio
Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee
Texas Utah Vermont Virginia Washington West Virginia Wisconsin
Wyoming
Technology
Apps & Software Consumer Electronics Telecom & Wireless
Trending



HAS APPLE SOLD 20 MILLION IPHONE 15S?

Investors face a difficult problem. How do they handicap iPhone...
Investing
Analyst Upgrades Bankruptcy Buffett Corporate Governance Corporate Performance
Dividends and Buybacks Earnings ETFs and Mutual Funds International Markets IPOs
and Secondaries
Mergers and Acquisitions Personal Finance Rumors Value Investing
Trending



5 SIZZLING CATHIE WOOD ARK INVESTMENT STOCKS TRADE...

These are five stocks for aggressive investors looking to get...
Economy
Government Regulation Housing Jobs
Trending



THE STATE WITH THE HIGHEST DIVORCE RATE

Almost 700,000 people get divorced each year, causing havoc with...
Special Report
Brands and Products Cities Countries States
Trending



THESE AMERICANS OWN THE MOST GUNS: EVERY STATE RANKED

Gun ownership is a constitutional right in the United States,...
AI Investor Podcast

Investing


THE 1 STOCK BILLIONAIRE INVESTOR SETH KLARMAN FOUND WORTH BETTING BIG ON

Scott Olson / Getty Images News via Getty Images
Rich Duprey
Published: December 21, 2024 10:02 am


Famed billionaire Seth Klarman is a student of the father of value investing
Benjamin Graham. His iconic book Margin of Safety, available on Amazon for only
$1,800, lays out his principles for buying stocks. 

He believes in a bottom-up, fundamental style of analysis that focuses on risk
before returns. Klarman argues investors should be more concerned about
potential losses than gains as preserving capital is essential. To do so, only
stocks trading at a deeply discounted price relative to its intrinsic value,
which he calls a margin of safety, should be bought.



That view has served Klarman well during his tenure at his Baupost Group hedge
fund. He has generated an impressive average annual return of 20% over the past
30 years and a 15% return for the past four decades.

Despite the stock market being at all-time highs, he has found a number of
stocks to buy that fit his models. In his 13-F with the Securities & Exchange
Commission for the third quarter, Klarman started new positions in five
different companies, though four of them were de minimis positions that account
for less than 0.50% of his $3.5 billion portfolio.

One stock, though, he went deep on, acquiring over 2.3 million shares valued at
almost $195 million to represent a 5.6% position in Baupost: dollar store giant
Dollar General (NYSE:DG). It is now his seventh largest holding out of 20
stocks.


24/7 WALL ST. INSIGHTS:

 * Enigmatic billionaire investor Seth Klarman is a deep value investor in the
   vein of Benjamin Graham.
 * He likes buying stocks offering a deep discount to their intrinsic value.
 * Klarman’s Baupost Group hedge fund bought several stocks last quarter, but
   only bought big on one.
 * If you’re looking for some stocks with huge potential, make sure to grab a
   free copy of our brand-new “The Next NVIDIA” report. It features a software
   stock we’re confident has 10X potential.


POOR PERFORMANCE IN A PRIME ENVIRONMENT

jetcityimage / iStock Editorial via Getty Images
Deep discount retailer Dollar General is trading at valuations not seen since
going public in 2009

The deep discount retailer is itself trading at a deep discount to where it
previously was. Dollar General stock is down 46% in 2024, and is 72% below its
all-time high reached back in 2022. You have to go back seven years to find the
last time the dollar store chain traded at these prices.

Price is only part of the story. DG stock goes for just 12 times trailing
earnings and estimates, a small fraction of its sales, and a bargain-basement 9
times the free cash flow it generates. Since going public in 2009, Dollar
General has never traded at such low valuations. 

The economy is in an environment that should be ripe for dollar stores like
Dollar General and rival Dollar Tree (NASDAQ:DLTR), yet both have been beaten
down. After the recent inflationary period that saw consumers flock to their
stores to stretch their wallets and get more bang for their buck, both chains
have fallen hard. In the last three years, Dollar General lost two thirds of its
value while Dollar Tree was cut in half.

Dollar General’s third-quarter financials were a mixed bag, beating on the top
line, but falling short on profits as the chain was hit by hurricane-related
charges. Net sales rose 5% to $10.2 billion, just beating estimates of $10.1
billion, as same-store sales rose 1.3%, but net income of $196.5 million, or
$0.89 a share, was down from $276.2 million, or $1.26 a share, in the year-ago
period. Wall Street had expected earnings per share of $0.94.


WHY DID KLARMAN BUY DOLLAR GENERAL STOCK?

Certainly the metrics are part of the reason a value investor like Klarman is
intrigued by Dollar General. Because it operates over 20,500 stores across
banners including Dollar General, DG Market, DGX, and Popshelf, as well as Mi
Súper Dollar General stores in Mexico, its network of stores give it a strong
market presence that still resonates with low- and middle-income consumers. The
retailer’s entry into Mexico also hints at potential opportunity for further
expansion.

There are hurdles too. Its consumers are the ones hurt most by inflation,
limiting their ability to spend more. The retailer also has limited e-commerce
operations, which is an increasingly important channel when trying to reach
consumers.

Yet with a focus on small-town locations targeting their demographic, an
expanding product lineup, and fairly efficient operations, Dollar General stock
can still drive long-term growth and shareholder value.




THE AVERAGE AMERICAN IS LOSING THEIR SAVINGS EVERY DAY (SPONSOR)

If you’re like many Americans and keep your money ‘safe’ in a checking or
savings account, think again. The average yield on a savings account is a paltry
.4% today, and inflation is much higher. Checking accounts are even worse.

Every day you don’t move to a high-yield savings account that beats inflation,
you lose more and more value.

But there is good news. To win qualified customers, some accounts are paying
9-10x this national average. That’s an incredible way to keep your money safe,
and get paid at the same time. Our top pick for high yield savings accounts
includes other one time cash bonuses, and is FDIC insured.

Click here to see how much more you could be earning on your savings today. It
takes just a few minutes and your money could be working for you.

 


Read more: Investing, baupost group, deep discounters, dg stock, Dollar General,
dollar stores, retailer, seth klarman

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.




LATEST FROM 24/7



IS MICROSTRATEGY HEADING FOR A MASSIVE CORRECTION?


PREDICTION: NVIDIA STOCK WILL OUTPERFORM AMD STOCK IN 2025


SOFI TECHNOLOGIES (SOFI) PRICE PREDICTION AND FORECAST 2025-2030


NIO (NIO) STOCK PRICE PREDICTION AND FORECAST 2025-2030


Home
About Us
Disclaimer and Terms of Use
Privacy Policy
Contact Us
Advertise
© 2024 24/7 Wall St.

✕
Do not sell or share my personal information.
You have chosen to opt-out of the sale or sharing of your information from this
site and any of its affiliates. To opt back in please click the "Customize my ad
experience" link.

This site collects information through the use of cookies and other tracking
tools. Cookies and these tools do not contain any information that personally
identifies a user, but personal information that would be stored about you may
be linked to the information stored in and obtained from them. This information
would be used and shared for Analytics, Ad Serving, Interest Based Advertising,
among other purposes.

For more information please visit this site's Privacy Policy.
CANCEL
CONTINUE


Information from your device can be used to personalize your ad experience.

Do not sell or share my personal information.
A Raptive Partner Site