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PHOTO FILE: An exterior view of a Dollar Tree store is seen in Pasadena, California on August 31, 2015. REUTERS / Mario Anzuoni
NEW YORK (Reuters) – Dollar Tree Inc shares (DLTR.O) are a bargain as profitable as the $ 1 products sold in its stores, with 18% less stock this year and trading at a discount compared to its biggest competitor, Dollar General Corp. (DG.Nand there is an activist investor behind the scenes, according to Barron's.
The US financial newspaper said Dollar Tree is trading at its lowest level in five years, but could rebound. The company was punished for the purchase of rival Family Dollar, but began renovating and renaming the struggling Family Dollar stores, he said.
Barron said analysts were speculating about an activist investor likely to be interested. Carl Icahn and Nelson Peltz were shareholders of Family Dollar who had encouraged a sale before the acquisition of Dollar Tree, the newspaper reported.
The New York Post reported in October that Icahn was accumulating shares of the company.
Reportage of Caroline Humer; Edited by Lisa Shumaker
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