Not a fan of the stock price but OK store. The shortage of ammo is not a CAB problem. You can't find ammo anywhere. My local Scheels Sports is sold out also. It is a country wide problem on certain ammo.
Loose hand shake out these past weeks will give us the ability to move higher. Selling volume has dried up. Thanks for all the $$$$ buying my puts out of fear, and the new sailboat. Hopefully, having fewer shopping days, as Thanksgiving comes late this year, will not impact CAB shares inordinately. G.L. longs
It's bounced off $58 and change and selling volume has dried up. It's looking more and more like an opportunity. I'm short a raft of contracts on the 55 and 60 strike puts (synthetic long). Dec and beyond OTM puts are paying a lot of premium, telling me their is still a lot of fear; which is, a contrarian signal.
A Louisiana store of I-10. Awesome building. Tractors an implements displayed neatly in the front of the building, but no prices anywhere to be found? Walking in looked like a vacation wonderland, exceptional décor. Very well staffed, overstaffed. Very high end cliental and seemed busily Great selection of guns..
But here is the stickler, your core business is hunting and fishing but their is not a .22 shell in the building. Tells me that CAB is a specialty retailer in a nitch not a market leader. A market leader would have made connections with suppliers.
My take, you have to turn allot of dollars for wonderland theme. You can't afford simple mistakes like signage.
Down volume drying up. Another day or two and we could well be clear of any near term low. Put options paying massive premiums as shareholders willing to pay big for fear insurance. "Puttin' on size" here, sold 20 contracts of CAB-60 strike puts naked at $1.80, betting CAB holds $68.20 or higher come 11/15.
Went to a store recently...not a lot of bags coming out of the store. There was foot traffic, but not much being purchased. Wonder if the same impact from the online store?
Could keep going higher, but in any sane market, a miss would take it down. I'm short Nov-55 puts but I won't touch shares here as I believe the risk reward ratio justify me holding any. If I can get the shares at $55, I'll take em'. GL
Outdoor retailers will have big numbers, especially Cabela's. Sell a lot of firearms, a lot of ammo, and now a lot of reloading equipment. The ancillary sales to these items (cases, mags, safes, cleaning equip., holsters, optics, targets,etc.) equal more money to the bottom line. Why is it down? The geeks on Wall St. just don't understand this segment of the market at all. You'll see tomorrow.
Big pharma is overpriced but div seekers will keep them high until rates really move higher. Never lost money investing in Bristol Meyers. currently I am short the puts in MRK in the low 40's via longer dated leaps but have been selling puts on other drugs over the past year.
Sounds like a solid plan. GL. This is my only retail play right now as I segued into the healthcare (HCA, DVA), drug distribution (MCK, CAH) and a few pharmas (VRX, BMY). No shares, just writing puts 1-2 months out, a few strikes out of the money and puttin' on size to make up for the small premiums, which have been fattened a bit with this recent pullback.
For as many as you mentioned I can name 2 that warned. Bottom line is this stock is stalled out. Personally I am selling puts at 55 into fall. I would be happy to be long at 55 and short in the high 60's
No doubt, we've got to be picky about which retail to add, just like the eateries. new wave seems to offer better opportunities. Back into the shares today at $61.05 as we approach an almost 6 month low. Sold to close my profitable Oct-60 strike puts as well. Thinking about selling the 55 puts as I think we may have bottomed here.
Try BKFV (16 vs 25), TGT (63 vs 73), WMT (73 vs 80), AEO (13.78 vs 23), ARO (9.51 vs 17.10), ANF (35.41 vs 55), or JCP (8.41 vs 27). I'll take CAB any day over these. But wouldn't mind it getting down to $60....itching to add more. Only up 30%+ since last Oct and 50% since mid-Dec.
Retail not up? Really? What about PETM, DKS, LOW, ULTA, ROST, WF, NGVC, LOW, all at or near their 52 week highs and all time highs. Or perhaps I should return the new sailboat.