Dear Friends,
As you know we have talked about OLLI before and some of us have even purchased
some shares of the stock. Well, one of the investment newsletters I subscribe
to recommended it as a BUY today. Here's what they say:
"
Ollie’s Bargain Outlet (Nasdaq: OLLI) thrives relying on a very simple formula
- buy cheap and sell cheap.
It’s even part of its slogan - “Good Stuff Cheap.”
The company operates 370 stores in 25 states. And even though the pandemic has
crippled scores of other retailers, Ollie’s is enjoying its greatest year ever!
...And it’s alerting us to a Profit Launch Window opening from now until June.
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The system is forecasting a solid 46.7% gain here during this stretch,
including shares setting new all-time highs of $130.88. That’s slightly better
than the average gain of 42.68% that shares have seen during this period over
the last five years.
Shares of Ollie’s are currently trading almost 20% below their 52-week high of
$112.58, which was set back in July.
Discount retailers are thriving during the pandemic. And Ollie’s is one of the
best, enjoying record quarterly performances. With the holiday shopping season
upon us, I think we’ll see the string of fantastic quarters continue!Action to
Take: Buy shares of Ollie’s Bargain Outlet (Nasdaq: OLLI) at market. Use a 20%
trailing stop to protect yourself. Our projected holding period is until June. "
Maybe it's time to buy some more Bobby! ;-)
Have a great day!
Regards,Lance
