Your argument is not well made. Comparing DKS to AAPL is a poor choice. I have nothing against short selling, but at least make a valid comparison, like another similar type retailer.
DKS is a fine stock and IMO is a great investment for both short and long term. Why, you ask?
Well, short term the next few months are a prime sports selling season. And long term this company has a great track record of growth. Everyone should hold a few shares for 4-5 years and enjoy the growth.
"...Your argument is not well made. Comparing DKS to AAPL is a poor choice. I have nothing against short selling, but at least make a valid comparison, like another similar type retailer...."
You are missing the whole point in my post.
I'm not comparing "company to company". I am comparing P/E ratios.....which is a companies earnings growth expectations........so I am comparing the ability of one company to grow earnings vs another company's ability to grow earnings. You don't have to pick companies from the same sector to make that comparison.
Again, I am picking a company's....ANY company......ability to grow earnings vs another company's SAME comparison......earnings growth.
By the way....the historical P/E ratio for S&P 500 companies is 14 times.
Which again, makes DKS way overvalued.
At 14 times fiscal 2011 earnings estimates, that makes DKS worth $21.70..........which make is ridiculously overvalued.