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Sport Chalet Inc. Message Board

  • mmsa262 mmsa262 Sep 1, 2007 6:08 PM Flag

    Hello out there . . .

    This board is so neglected I thought I'd try (again) to stimulate some discussion.

    Well, we took a haircut from the $11 range with the latest earnings news swinging to a loss. After reading the releases, I can't say I really understand why this happened. Now the volume seems to be very strong on the dips into the low 9's. Someone is a buyer here. I still think the LT outlook is strong and merging with Dicks inevitable, but come on already - get on with it. Dicks needs a national footprint and SPCH is too localized and too behind the curve in markets outside the West to expand quickly and effectively. Kudos to Olbertz and his team for a job well done. It's time now to combine and reap our rewards.

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    • We are on the same page re your comments. The continued small selling by the younger Orberz and Jeff Licenstein puts a little damper on the stock. Jeff has a little over 33m left and although he hasn't sold since July it was continual. Eric Orberz has been selling regular lately and he is down to 19,794 shares. One wonders if they stop if some other executive starts selling? Doing all the valuations against DKS, makes one bullish, but of course being aware of the consummer spending vulnerabilities with the current mortgage problems is another consideration. Appreciate your dialogue.

 
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