It's not the activism activity alone, but sales are booming across TX, AZ, CA stores. The baseball and hiking season will take this to a $20 stock. Black Rock owns 1.5 M and they have great confidence in the management.
Do you have any idea how March has been going?
There seems to be some more activism activity. That seems to be moving the stock.
Their management is very conservative when it comes to numbers. That's why they stated even the Feb sales figures are soft due to lack of winter weather !! You will see their stores are jam packed these days, average family see a $200 gain in lower gas prices and the guys will spend more on sports items, IMHO.
Well, it went into the low teens for a portion of the day.
I don't know if they met their forecasts, or whether their news on this quarter's results so far helped, or something else. I was pleasantly surprised to see a jump. We will see what else will happen.
One thing that may help - the little surge in firearms sales that occurred over a year ago is over, and make comparisons going forwarded easier.
Their earnings just came in, met the upper end of the forecast. I think the stock will go back to the mid teens in the near term.
Very interesting fight brewing between management and Stadium Capital. Plainly, Stadium Capital is frustrated with the stock price. If it could force a sale at a good price, it plainly would.
Such pressure usually means that something will happen.
They announced that their sales were off, as well as profit projections, for the quarter ending December 31. After a decent October and November, sales took a hit in December. Its actually held up nicely. I think that some believe that they might be under more pressure to sell.
Any speculation as to why we got hit so hard, down over a buck in two days. Any feedback on the e-commerce platform? To quote Dr. Evil, "Throw me a frickin bone here."
I don't see the item in the market pulse that you refer to, but I often can't follow directions.
But there certainly seems to be one or two things going on with this stock - either people expect that earnings will be very nice, or that there are buyout rumors. There isn't a lot of volume, so maybe its just "fluctuating".