Dollar General (DG) Stock May Be A Bargain Despite SKU Cuts

Dollar General has put up a 37.7% share price return over the past year, which naturally raises a pointed question for anyone watching the chart. Is the current price still anchored to the cash the retailer can realistically generate, or has sentiment run ahead of its underlying cash flows? The 37.7% gain over 1 year puts real pressure on the valuation question because it changes what investors are effectively paying for each future dollar of cash flow. Management's move to cut roughly 1,500...