I give a buy rating for Five Below (NASDAQ: FIVE ) as I believe the business has successfully turned the corner, with Q1'25 showing clear evidence of it. With management regaining confidence in scaling the footprint and with valuationsI’m a fundamental, valuation-driven investor with a strong focus on identifying businesses that have the potential to scale over time and unlock massive terminal value. My investment approach centers around understanding the core economics of a business—its competitive moat, u ...