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Dick's Sporting Goods Inc. Message Board

  • bartpj bartpj Mar 7, 2005 4:15 PM Flag

    Blackjack!!!!!!!!!!

    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.

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DKS
43.13-0.1200(-0.28%)1:34 PMEDT

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