Five Below (Nasdaq:FIVE) just got trading and lucky IPO investors are looking at a very nice pop. No Facebook stuff here so far. But it did take a while to start trading. 50% pop in the first few minutes of trading.
So lets take a look at what this company actually does. It’s a retailer that specializes in items under $5. Business model goes back to the old five and dime and todays Dollarama and similar offerings. Stores depend on kids spending their allowance money. Business Model can easily by copied, bent, folded and mutilated.
Insiders are selling as much as they can so what is the long-term potential.
George Gutowski writes from caveat emptor perspective.
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