Dollar General Is in a ‘Really Bad Situation,’ and Investors Should Stay Away, Jim Cramer Says
September 22, 2023
Jim Cramer, a prominent financial commentator, has advised investors to steer clear of Dollar General stock following JPMorgan’s unusual downgrade of the retailer from hold to sell. This downgrade, which was prompted by a meeting with Dollar General’s CFO, highlighted financial challenges for the company’s core low-end consumer base. Cramer pointed out that Dollar General’s customer base is particularly struggling due to the prolonged effects of inflation, and the anticipation of resumed student-loan repayments and higher fuel prices is expected to further strain consumer savings.
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