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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (53658)	1/21/2019 7:56:36 PM
From: Goose94	Read Replies (1) of 202721

DOLLARAMA (DOL-T) top pick from Jason Del Vicario on BNN.ca Market Call 2nite Monday Jan 21st @ 1800ET Dollarama has historically been one of our largest holdings. We were lucky to be able to trim our position in the high $50s and then more recently we scaled it back in the high $30s as one of our stop-loss levels was triggered. It is now a much smaller weight. Dollarama has commanded a premium valuation due to their exceptional growth trajectory and capital allocation track record. Recently, this growth has slowed and the stock has been punished. We feel that there remains ample growth opportunities in Canada and are particularly excited about their prospects in Central and South America. The company has been cagey with their disclosure on the Dollar City operations, but we feel there’s a strong chance they will exercise their majority ownership option in 2020. The runway for growth in those markets is orders of magnitude greater than in Canada. We’re waiting to rebuild our position at lower prices.

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