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Sport Chalet Inc. Message Board

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  • mmsa262 mmsa262 Sep 18, 2006 8:34 PM Flag

    This Seems Cheap

    Don't quote me on this, but I will take a stab at your question. Olbertz (the founder) had owned about 70% of the outstanding stock before he split the company into A and B shares (which I don't understand exactly why he did this) and essentially gifted a chunk (maybe 40-50%?) to a couple of key execs. This dilutes the ownership among more people, but they are all insiders. Wedbush Morgan (sp?) an investment company/brokerage owns about 5%+ which I assume they acquired on the open market. Exactly what percent of the company is owned by whom I don't know.

    No question, someone is selling and someone is buying the A shares in a big way over the last couple of weeks. Who is doing it and what it means I don't know. This board is so relatively inactive that I have a hard time finding out what is going on.

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    • Suggest going to the annual meetings if at all possible. I did along with many others last month and was very impressed with the presentation and the quality of the people involved. In these small cap stocks I find it is imperative to take the extra effort and meet the principals one on one. You won't always come away with positive feelings especially if you see the people involved with gold chains etc. Best wishes.

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