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Sport Chalet AŞ Message Board

  • mmsa262 mmsa262 Apr 7, 2005 5:03 PM Flag

    Is there news?

    Big move over the last week or so on decent volume. Is there anything specific causing this?

    Also, I just shopped at Dicks (Bloomington, IL) for the first time. Remarkably similar to SPCH, but smaller - maybe 25K sq. ft. I'm more convinced than ever that a marriage is inevitable.

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    • Not sure on the quick jump. Somebody(s) wanted a bunch of shares and were willing to pay to get em. Very unusual volumns for this stock. Maybe a competitor, institutional buyer? who knows.

      Anyway, the market cap is now over 100M which I assume is going to put it on some technical stock radar screens, etc. That should help drive visibity and volumes I presume.

      DKS could buy, they are plenty big enough and it would make sense, depends on what price it would take for Olberz to sell. DKS and HIBB are trading at 28x earnings. SPCH is 18x. If it were my company, I wouldn't sell for less than 18.5/share. ~21x based on a solid Q4. OR Olberz could decide to open another 20 solid stores over 5 years, run EPS out to 1.30 and get 25x (~$32/share). That would make him another $80M or so 5 years from now.