Benjamin Graham "Individuals who cannot master their emotions are ill-suited to profit from the investment process."
Warren Buffett "Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it."
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Tractor Supply Company reported Q2 2010 results this afternoon. Net sales increased 12.6 percent to $1.07 billion in the second quarter of 2009 while net income for the quarter was $2.05 per share compared to $1.50 in the prior year. Same store sales increased by 6.1 percent driven by strong results in consumable categories along with strong demand for big ticket items such as riding mowers. Read this article for more details.
Tractor Supply Company is a specialty retailer with a well defined niche market catering to the lifestyle needs of recreational farmers and ranchers. The company offers an array of products required in the daily life of those who live in rural communities. While discretionary durable goods are a significant portion of revenues, the company also offers non-discretionary consumable products that attract recurring business. Read this article for a company profile.
