From 40-Bagger to Flatliner

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 13 March 2024

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

NYCB’s $1B cash infusion should steady the struggling bank, but don’t expect Fools to be jumping into the stock. And Family Dollar’s footprint gets a bit smaller. (00:21) Matt Frankel and Dylan Lewis discuss: - Family Dollar’s plans to close almost 1,000 locations over the next few years and what it says about the state of discount retail and real estate. - New York Community Bank’s cash infusion and reverse stock split and why it’s still not enough to get Matt interested. - The banks to watch instead. (13:50) Deidre Woollard and Motley Fool analyst Kirsten Guerra dive into Duolingo and how a little bit of its marketing spend has driven a whole lot of revenue growth. Companies discussed: DLTR, NYCB, DOUL Host: Dylan Lewis Guests: Matt Frankel, Deidre Woollard, Kirsten Guerra Engineers: Desiree Jones, Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It turns out Dollar Tree got less than it bargained for with Family Dollar.
0:07.0	Mottle Full Money starts now. I'm Dylan Lewis and I'm joined over the airwaves by Motley Fool contributor Matt Frankel.
0:25.0	Matt appreciate you jumping on with me.
0:26.0	Always good to be here.
0:28.0	I haven't seen you in so long.
0:30.0	I'm glad to be here. I know.
0:31.0	We get to hang out on Zoom.
0:32.0	We get to talk for the podcast. I love it. We are going to talk through one of the
0:36.5	largest retailers in the US planning to close a thousand locations and we've got a mini dive on a company up over 200% since the beginning of
0:43.9	2023. We're gonna kick off though with Family Dollar and that retail story.
0:48.4	Dollar Tree down 15% today on the news that the company's Family Dollar brand will be closing
0:54.4	almost a thousand stores over the next several years, 600 this year and
0:59.3	another several hundred in the following couple years.
1:03.2	Matt, Family Dollar has about 8,000 stores.
1:05.8	This is a pretty big part of their retail footprint
1:08.6	that they are looking to close down.
1:11.1	Yeah, and I mean, the earnings don't look great.
1:14.0	The stock, like you mentioned, the stock still was down 14, 15%
1:17.0	right before we recorded this.
1:19.0	And if you look at the numbers, you see why they're closing so many family dollars, right?
1:24.0	If they break down or company wide, their same store sales were up 3% year every year in the
1:29.7	fourth quarter.
	...

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