With COVID-19 on the resurgence, Ross Stores (ROST) presents investors with a strong and stable business well-positioned to not only ride out the crisis but also gain share as the company looks on track to double its store base in the medium to longer-term. The ROST "everyday value" proposition works even in a slow consumer spending environment, with outperformance likely as off-price benefits from a COVID-19-driven migration from department and specialty stores. Following the recent retracement, I believe ROST is reasonably priced and would be a buyer on the dip.