looks like I got dealt the Ace / King cause this report is awful. Here are some highlights:
-company warned for next quarter. Current Wall St. estimates are for 0.24 per share. DKS guided to 0.18 to 0.20.
-merger integration costs are much higher than anticipated. They will run $34 million next quarter alone!!
-inventory is skyrocketing. Up 80% year over year !!! That is HUGE.
-Account receivables also up huge - up 300% year over year.
-Stock option expensing will trim next year's earnings by 12 to 14 cents per share.
All in all, it looks like my short position in DKS will appreciate mighty nicely over the next few trading sessions.
sorry spanky, unless you're val...which one never knows, you are responding to the wrong posts...
I could care less what a blowhard like yourself claims to own. As I said show me the real time post indicating your short position in DKS. Or any of them fo that matter.
I have seen you on other boards, we know what you are about.
Good luck with your "hedge fund" liar.
The guy is a total ass. He proved that on the Blue Rhino board for six months running.
He's as obnoxious as they come. He's short term oriented and wouldn't know a good long term story if it bit him in the ass.
Bart lies as a self serving measure with one purpose in mind....to make a buck for himself. Throw in the fact that he likes to play bigshot on Yahoo message boards and you have the ingredients for a sad case of a human being.
your right again bart- nobody plays sports, gets outdoors, or anything like that. It's a very small fragmented industry...
YOY earnings flat? What the hell are you reading? Or are you talking about YOY POSSIBLE future earnings?
bart- bid and ask above $34 at the moment. A/H trades are more likely to be ignorant as opposed to being thought out. Some idiot might read your posts and think DKS just filed BK or something...
Stock is not $2 down in A/H...why do you lie?
Then the number of outstanding shares is and will be a surprise to those that prepare earnings estimates for the company. No matter how you slice it, it ain't good.
Good companies BUY BACK stock to DECREASE the number of shares. I understand that true GROWTH companies do the opposite.....but who would truly a retailer with year over year earnings flat and SSS up 1% a growth company? IT'S SPORTING GOODS FOR PETE'S SAKE!!
how exactly did it disappear? Stock is down nearly $2 bucks in afterhours.
Just cause some sadsack loser is bidding $33.90 in AH doesn't mean this thing isn't going much lower. Also, if it trades in the low $33's it'll be below the 200 day MA....and that usually means lights out.