🔮   Dollarama: Great Company, But Close To Fair Value

Finance

Dollarama Inc., (TSX:DOL:CA)(OTCPK:DLMAF) headquartered in Montreal, is the largest discount dollar store chain in Canada, with 1,583 stores nationwide as of July 28, 2024. The company offers 4,000+ products at a cap of $5 (all figures CAD unless otherwise noted) per item and is a nationally recognized brand. The company also owns a majority stake of 60.1% in Dollarcity, a leading Latin American discount dollar store brand. I believe there is some upside in the stock given the current macroeconomic picture and consistent growth profile of the business. The company continues to navigate a somewhat inflationary environment with a clear dominance across Canada and Latin America.

seekingalpha.com     Sep 12, 2024