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Sport Chalet AŞ Message Board

  • pjv2xyw9dww4b6 pjv2xyw9dww4b6 Jun 8, 2012 10:31 AM Flag

    the buying today


    pretty weird IMO, given the recently released results

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    • I think the results were pretty much expected. The Dec qtr was hurt by weather, and they warned then that the March qtr would be bad due to weather....and it was.

      I mean these guys are levered to winter sports, and no snow hurts.

      They announced that SSS were up 2.8% for the first ten weeks of their seasonally weak June qtr. And thats against a 2011 June qtr which was the strongest June qtr in years.

      Prior to the weather decimated Dec and March qtr, SPCH was starting to put together a string of decent qtrs. If they can get that mojo back, I think SPCH is a good buy close to a buck. Maybe for a move above two in a year or so.

      They are trading way under book, guiding for profitability this FY, and claim they have no covenant issues in the CC.