Tue, Jul 22, 2014, 4:13 PM EDT - U.S. Markets closed

Recent

% | $
Click the to save as a favorite.

Big 5 Sporting Goods Corp. Message Board

  • jamesblazen jamesblazen May 4, 2007 7:27 PM Flag

    Let's Go Over the Facts

     

    1. We've been in a spending/consumption bubble for the past 3 years that is no sustainable. Negative savings rate, living off the home refinance is over for now.

    2. It's not a coincidence that sales dried up in April just as subprime mortgages are blowing up and housing is imploding. This is just the start of a nasty decline that will get much worse over the next 2 years.

    3. Management is way too optimistic with their projections that the softness will be over with soon. This is wishful thinking. Not only will sales not recover, they will decline much more than they already have. I expect comparable store sales to be in the mid single digit negatives within the next 3 months and stay there for a long time.

    4. This is a consumer discretionary item that is mostly marketed to blue collar Joe Sixpack. Joe is totally spent out now. He's in debt up to his eyeballs and doesn't have any more money for toys at Big Five.

    Enjoy the drop. Your only hope is a buyout and that's probably not going to happen with horrible sales trends. They should have sold the company 6 months ago. It's too late now.

    This topic is deleted.
    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • ntbs93@sbcglobal.net ntbs93 May 13, 2007 8:28 PM Flag

      RIIIGGGHHHHT!!!!!!!!!!
      1) Lets see, I have less money to spend because my motgage went up, so I guess I'll stop buying less expensive shoes at Big 5 and just wear these worn out ones for another year.
      2) April was the month that I realized that I had no money left because of my mortgage went up.
      3) Yeah, management is way too optimistic....even though they beat there estimates about 80% of the time over the last 5 years.
      4) The average Joe is spent out, that explains why the stock market breaks a record high every other day.
      It's obvious that Big 5 has been way under valued for the last several years, and that it has been slowly adjusting upward for the past several months, and will continue until it gets a few dollars over $30 pps.

    • 1-Wrong,As long as the economy is booming BGFV will be ok.

      2-Yes, it was a coincidence.

      3-BGFV's management is excellant as the past shows. Over 10 years of increasing sales!

      4-Wrong. Joe 6pack loves BGFV & will spend there in good & bad times.

      5-Your actually on target in a way. A buyout IS likely. If you are right & i'm wrong that sales fall, then a buyout is even more in likelihood.

      IF YOURE SHORTING BE VERY CAREFULL :)

 
BGFV
11.49+0.15(+1.32%)4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.