Don't Put Tractor Supply Out to Pasture

I last mentioned Tractor Supply (TSCO) on Sept. 29, 2011 and, as of yesterday, the stock is up about 42%. I wanted to take another look, since the company is set to report on Wednesday. Are there more profits to farm from this name or is it time to put it out to pasture?

To me, Tractor Supply is one of the more interesting mid-cap retailers. The company is the largest operator of retail farm and ranch stores in the U.S. If it needs planting, picking, feeding or fixing, Tractor Supply has it. The company serves a unique niche in the marketplace that has little direct competition. Tractor Supply locates its stores near farms and ranches and focuses on the "rural lifestyle." The company operates more than 1,085 stores in 44 states. It believes it can double the number of stores over the next few years. The big opportunity is out west, where it has just 29 stores. The company believes it can easily add another 300 stores to states like Arizona, Nevada, New Mexico, Utah, Colorado, Idaho, and Wyoming. Management believes it can increase the store base to 2,100 stores within the next several years....262 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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