Managing Director Stephen M. Goddard of The London Company of Virginia says Dollar Tree, Inc. (DLTR) is a position in his firm’s madcap strategy that has appreciated meaningfully, and is one reason behind the firm’s high exposure to the consumer discretionary space.
“Dollar Tree, our largest holding, has done very well and is currently about 6% of the strategy. We have confidence in the management team meeting many of the metrics we are seeking: high returns of capital, shareholder-oriented capital allocation and a reasonable valuation,” Goddard said.
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“We believe they have a large opportunity to accrete significant value through margin enhancement and synergies,” Goddard added.