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  "documentTitle": "Family Dollar Stores (FDO)",
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  "authorName": "William Ackman",
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      "kind": "callout",
      "text": "New units are generally inexpensive to build and highly profitable. On average, units are 90% productive in their first year",
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      "text": "% Pre-Tax Return: 55%",
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      "text": "Estimated New Store Investment: Capex $200,000, SG&A $50,000, Inventory, net $75,000, Estimated Investment $325,000. New Store Earnings: Mature Revenue $1.2M, EBIT Margin 10-15%, EBIT $120k-$180k, Return 37-55%.",
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