that may be true...but institutions are dropping BGFV liks a bad habit. yahoo finance has it that institutions sold off 12% of their shares from last quarter.
i like big five for buying sporting equipment such as camping tents, tennis equipment, etc, but the stores dont really offer much else. i just cant see people lining up to buy any of those goods. ofcourse, if i was an insider, i probably would be buying at these levels, but then again, id probably be holding on to those shares for the next 20 years too.
I can't disagree with anything you're saying. It's true that they're a classic sporting goods store that sells . . . well, sporting goods. I'm not sure why you would expect them to sell "much else." Dicks & Sports Authority offer some other things such as bikes, but mostly they just offer more. Despire this simple model, BGFV has grown to nearly 400 stores. My thought here is that the recent downgrade report was correct that buying sporting goods is typically a non-essential purchase, but when things come back Big Five will benefit first because it has a discount-appeal (much the way that DLTR and BIG have done well). The Olympics next months should give sporting goods a general broad boost too.