Dollar General is a well-managed company whose business model has shown to be resilient against economic downturns and the threat of e-commerce. In this COVID-19 environment, the company has delivered crushing results. With SSS up 12.2% and gross profit up 24.4%. This is likely due to a combination of hoarding, less traveling due to safety measures and thus we see a significant uptick in items per transaction. However, I do not expect growth to persist at such a high clip. The market appears to be very buoyant about the company’s growth prospects given that they are trading at historically high valuations.