Five Below Is Looking Up Again
Any hot growth stock that trades at lofty valuation multiples typically becomes more attractive after a cooling-down period. One such company is Five Below ( NASDAQ: FIVE ) , whose stock doubled after a successful IPO. Following a quarter that disappointed most investors, the company's stock recently plunged around 25%; this provides a potentially ideal entry point for long-term investors. Five Below is a specialty value retailer that offers teen- and pre-teen-targeted merchandise. The company offers products priced at $5 and less, providing a general comparison to the dollar-store concepts. The retailer is growing exceptionally fast, with its 2013 store openings increasing 25% over the previous year. Five Below also recently opened an incredible 11 stores in the Dallas market on the same day in September, generating the largest single-day grand opening in company history. Read the full article here . Disclosure: No ...