Shares of Dollar Tree Inc. (DLTR) are down 27.0% since peaking on January 29, 2018, and in my opinion, now is a great opportunity to buy the shares. The company has a strong track record of maintaining earnings power, and the shares appear to have been unfairly punished over the last six months. I lay out my bullish argument for the company below by reviewing some pertinent fundamental and technical aspects of the stock.
Momentum Growth Quotient
Over the last few months, I have developed a new approach for my fundamental analysis of stocks: the Momentum Growth Quotient (MGQ). The MGQ is the key metric that I use to gauge the financial health of a company and its potential future growth prospects. The MGQ is calculated using the following company financial data:
