Jim Cramer took a good look at the deep-discount retailers Wednesday night and came to the conclusion that their "downright lousy" trend and so-so strategic plans make them investments to avoid.
"Considering the tough competition, the tough comparisons, and the higher payroll taxes on consumers, I think it's very hard to make the case that the dollar stores can be owned here," he said. "And I see no catalyst that can drive these stocks higher which makes buying them a big no-no."
That's quite the change from what Cramer said less than three months ago, when he called on investors to "buy Dollar General hand over fist." Since then, shares of Dollar General (Ticker: DG) are down about 6 percent.