Photo Credit: Pink Moose
Grrrrrr. I’ve been losing my grip on the investment scene the past few months and completely missed that Dollarama went public (ie. folks like me and you can buy shares in it).
It opened at $17.50/share and went up to $19.26 in its first few hours of trading – in other words, a number of people think it’s worth buying and swiftly drove the price up.
I continue to be pessimistic about the fundamentals of our economy (essentially, Canadians are fuelling our gross domestic product by deepening our personal household debt to an all time high (or low!); 58% of Canadians surveyed last winter said day-to-day living expenses is what is deepening their debt), which informs my choices of investment — I’m looking for businesses that cater to people sensitive about their budgets. This means a business like Dollarama is Of Interest to me. And I missed the news!
Over this weekend I’ll do some investigation into Dollarama’s financials and let you know what I find out, and if I decide to invest. Any opinions, readers?