2024-02-15 07:30:00 ET
Summary
- Shares of Tractor Supply have outperformed the market since my last article.
- The retailer's net sales and diluted EPS dipped in Q4.
- Tractor Supply is a financially healthy business, with a BBB credit rating from S&P on a stable outlook.
- Shares of the company could be 13% undervalued.
- Until a selloff happens or growth prospects improve, Tractor Supply may underperform the S&P in the years ahead.
Aside from my goal of constructing a portfolio of steadily growing passive income, a goal that is almost as important to me is to generate alpha. Befittingly, that is the point of this crowdsourced community as well....
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Tractor Supply: Waiting For This Dividend Grower To Go On Sale