Family Dollar Stores Inc

It appears that AIG’s management will be more inclined to continue as a consolidated entity and to improve returns for its shareholders in its current form.

Consumer credit rose by $16.1 billion in May following a revised gain of $21.4 billion in April. Gains for revolving credit point to strong credit card use.

Walmart discussed its supercenter and neighborhood store formats at the investor update. The retailer is looking to roll out more neighborhood format stores.

What starts as a competitive strategy for Wal-Mart may also affect the general level of grocery price inflation in the United States.

In February 2015, Cognizant Technology Solutions announced its 4Q14 results and reported revenues of $2.74 billion, up 16.4% from $2.36 billion in 4Q13.

Corvex Management lowered its stake in Dollar General (DG). The position accounted for 0.62% of the fund’s total portfolio in the fourth quarter.

In 2014, Dollar General reported net sales of $18.9 billion, an increase of 8% compared to sales of $17.5 billion in 2013.

Family Dollar Stores (FDO) operates a chain of more than 8,100 stores in 46 states. It sells all of its products for less than $10.

The NLRB filed a complaint last January. It accused Walmart of violating labor laws. The NLRB claims that the retailer acted against workers who joined unions.

Walmart (WMT) has been plagued by negative comps in key markets lately. Between January 2014 and January 2015, Walmart’s valuations increased.

Walmart (WMT) has a history of increasing dividends. Its stock is classified as a dividend aristocrat. At 2.4%, Walmart’s dividend yield is healthy.

Walmart’s smaller-sized stores average ~40,000 square feet in size. The stores are located predominantly in locations with a higher population density.

Last month, activist investor Carl Icahn put pressure on Gannett Company (GCI). He threatened a proxy fight unless the fund’s concerns were resolved.

Activist investor Carl Icahn owns a 7.77% stake in Manitowoc and will push it to break into two companies.

In October 2014, Elliott Advisors UK Limited disclosed a 4.9% stake in Family Dollar.

The total value of Elliott Management’s US long portfolio increased to $8.79 billion in 3Q14 from $7.15 billion in 2Q14.

Highfields Capital initiated a new position in MIK in the third quarter. The position accounts for 1.38% of the fund’s 3Q14 portfolio. Michaels is the largest arts and crafts specialty retailer in North America.

Highfields Capital Management LP is based in Boston. The fund was founded by Jonathon Jacobson in 1998. The fund’s US long portfolio declined slightly to $12.8 billion in the third quarter.

In 3Q14, JANA Partners added a stake in Dollar General Corporation (DG). The position accounted for 2.55% of the fund’s total third-quarter portfolio.

Comparable store sales for the 13-week period decreased 1.8% as a result of fewer customer transactions—sales in the 3Q14 were strongest in the Consumables category, driven primarily by strong growth in refrigerated or frozen food and tobacco.

At closing, Family Dollar shareholders will own no less than 12.7% and no more than 15.1% of the outstanding common stock of Dollar Tree.

Paulson reduced its position in Family Dollar Stores (FDO) last quarter. The position now accounts for 1.84% of Paulson’s $20 billion 1Q 2014 portfolio, down from 3.12% in 4Q 2013.

  In this six-part series, we will go through some of the main positions Eton Park Capital traded this past quarter Eton Park Capital Management is a multi-strategy hedge fund founded in November 2004 by former Goldman Sachs partner Eric Mindich. The firm started new positions in Family Dollar Stores (FDO) , Constellation Brands (STZ), […]

In this six-part series, we will go through some of the main positions Eton Park Capital traded this past quarter Eton Park Capital Management is a multi-strategy hedge fund founded in November 2004 by former Goldman Sachs partner Eric Mindich. The firm started new positions in Family Dollar Stores (FDO) , Constellation Brands (STZ), Sotheby’s (BID), […]