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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (48957)	9/24/2018 9:06:16 PM
From: Goose94	Read Replies (1) of 202784

DOLLARAMA (DOL-T) top pick from Jason Del Vicario on BNN.ca Market Call tonite Monday Sept 24th @ 1730ET Dollarama remains a core holding of ours. The stock sold off some 20 per cent after their most recent earnings report. In the short term, investors seem to be concerned with slowing growth but in our view the long-term thesis remains in force. Namely, they still have a long runway for new stores in Canada. In addition we’re very excited to see what they do regarding the February 2020 option to purchase a majority stake in the Central and South American Dollar City franchise they have co-developed. We noted the Dollar City store count has now reached 137. In our view, this provides shareholders with excellent long-term growth prospects and we expect them to exercise the option. We also note the company has a history of buying back its own shares and expect they’ll be aggressively doing this given the recent price drop. We will be looking to add to our position in the next few weeks.

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