The U.S. discount retailer Dollar General began trading today on the New York Stock Exchange in the largest initial public offering for a U.S. retailer in 17 years. At $21, Dollar General's price-to-earnings and price-to-sales ratios will exceed retail giant Wal-Mart Stores and approach Targets.
Dollar General pitch point is that it will boost retail sales, open 4,000 more stores, and improve its margins.
Friday, November 13, 2009
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