Wed, Apr 16, 2014, 12:49 AM EDT - U.S. Markets open in 8 hrs 41 mins

Recent

% | $
Quotes you view appear here for quick access.

Dick's Sporting Goods Inc. Message Board

  • awaken22 awaken22 May 18, 2011 8:44 AM Flag

    Whats with all the upgrades?

    Certainly wasnt the worst quarter ever, but, this stock is still a bit overvalued.

    The numbers dont seem good enough to warrant all these upgrades with the stock sporting a PE of 21 and such a tough environment for the consumer.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I have said before that the mngnt, employees and business model of DKS are firing on all cylinders. Perhaps that is why the upgrades are happening for DKS.

      Mawchek, in his post titled '4Q2010 CC', posted similar comments and recommended people listen to the DKS conf call. He also acknowledged the high valuation.

      As for me, I've made many mistakes not buying in to good growth stocks because their valuation was high. After missing many good growth stocks I have begun to slowly accumulate stocks like DKS.

      Over time these type stocks can become very good investments. IMO, DKS at $38 today will be considered a bargain in 2-3 years. Assuming, of course, that the world doesn't end [as of new predictions] on 10-21-11.

    • Probably to run the price up a bit so it can be shorted at a higher price. Just a thought.

 
DKS
51.71-0.43(-0.82%)Apr 15 4:01 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.