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Dick's Sporting Goods Inc. Message Board

pezaguy 119 posts  |  Last Activity: May 18, 2015 2:35 PM Member since: Aug 28, 2000
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  • Reply to

    Earnings out and disappointing

    by pezaguy May 12, 2015 4:35 PM
    pezaguy pezaguy May 18, 2015 2:35 PM Flag

    This post was a comment on the Q1 of 2015 earnings - May 2015. This makes 2 consecutive quarters of weak results. Others are commenting on the last quarter results in March, 2015. The thing is both quarters were similarly bad and another 1-2 weak quarters will prove my points that this company is in need of some new ideas.

  • Reply to

    Earnings out; stock punished

    by pezaguy Mar 10, 2015 12:45 PM
    pezaguy pezaguy May 18, 2015 2:29 PM Flag

    Original post was a comment on the Q4 2014 earnings.

  • Net income down 22%. The good news is that the stock only sold off about 3.5% today. But the sub-par earnings may cause the stock to be weak for another few trading days or weeks. Who knows? IMO the earnings report supports my belief that this company needs some new blood at the senior management level. International sales down 10%, apparently partly due to exchange rates. Again I question why such a small company has stores in 3 oversea countries and thus has to fight foreign currency issues. I guess it gives upper management an excuse to travel the globe on the company dollar. Let's just hope we'll get a dividend this year because I doubt we'll see $11 a share.

  • It may be futile but I suggest that shareholders vote against the Board members up for election when the annual meeting details are sent out. Hopefully some of the lager institutional holders will get more actively involved. I realize that insiders hold almost 15% of the stock and I'm sure the board members and upper management are nice people.
    But this niche company is stagnant and needs some kind of change in my opinion.
    Maybe a regular stock buyback; maybe a regular dividend; maybe a new CEO; maybe new Board members; maybe shop the company around; maybe diversify; maybe acquire some small companies to begin diversifying. Or not. Maybe TLF will just choose to just pay a special dividend every 2 years or so. It seems like the insiders favor that. If so they should just say that's the goal. Just my 2 cents.

  • Wow. I'm surprised at the level of selling since the earnings report. This morning the stock price dropped to $6.31 and is currently at $7.65, down $0.51 or 6.25%. It appears that some of the largest holders of stock are leaving. I expect continued weakness until the larger investors are through selling. I will wait a while before selling my shares as I hope the stock price will stabilize a bit higher. Sad. I really believe the Board of Directors needs to address the path of this company.

  • As I write this the stock is down close to 6% [$8.37 - 0.53] on the earnings report. I've held this stock for years on the hopes that this small retailer could find a way to grow the company on a sustained basis. I've been wrong. I hold a number of shares and I will gradually exit the stock over the next few years since it appears the Board of Directors will not change the management or the direction of the company. IMO the cash used in the past for special dividends would have been better used to buy back shares with the ultimate goal of taking the company private. Oh well, another investing lesson learned!

  • Reports from the WSJ say that bidders are being given until 12-4-14 to make a final bid. The winner will be announced in mid December according to the unnamed source.

  • Reply to

    Lots of selling today

    by divikmi Nov 3, 2014 3:34 PM
    pezaguy pezaguy Nov 3, 2014 5:09 PM Flag

    IMO this stock will be range bound, say $36-$40, until the merger is complete. Personally, I hope the market sells off again and takes KMI down to $34 or $35 so I can buy some below $36. On another topic, I wonder how many warrants are still outstanding and do they affect the stock price on the upside? I can't figure out why KMI issued them in the EP merger? I don't have any experience with warrants.

  • Reply to

    KEYSTONE PIPELINE REPORTS/RUMORS

    by jdom4 Nov 3, 2014 3:01 PM
    pezaguy pezaguy Nov 3, 2014 3:12 PM Flag

    My understanding is that Canada is waiting to see if the Repubs take the Senate and quickly try to force approval of the XL. Meanwhile, yes, Canada is studying plans to expand and lengthen an existing pipeline that would take the tar sand oil to an Atlantic port and ship the oil via tankers to the southern US refineries along the Gulf coast.

  • pezaguy pezaguy Oct 31, 2014 4:14 PM Flag

    jdom4 - I agree with your comments, but I think your math may be off a little. If not please correct me as to what you calculate the dividend would likely be in 2020. My calcs are as follows. $2.00 in 2015; $2.20 in 2016; $2.42 in 2017; $2.66 in 2018; $2.93 in 2019; and $3.22 in 2020.

    I'm just curious if I'm calculating wrong.

  • Reply to

    Private-Equity Firms Prepare Bids for PetSmart

    by myolddogs Oct 29, 2014 2:10 PM
    pezaguy pezaguy Oct 31, 2014 4:03 PM Flag

    I'm guessing this puppy would only fetch $80.50. Get it? Fetch, pup!!!

  • pezaguy pezaguy Jul 11, 2014 5:48 PM Flag

    True. And that is why EVERY shareowner needs to accept the tender offer ASAP.

  • Please accept any offer to sell this company and take it private.
    Thank you. From: a very large long term investor.

  • Reply to

    up big

    by bartiromo_rules Feb 10, 2014 12:29 PM
    pezaguy pezaguy Feb 11, 2014 2:42 PM Flag

    I think it might have been a short covering his position and since TLF is so thinly traded he had to pay up. I too saw no news or any rumors; plus the stock fell back almost to the previous close by end of market. Let's keep our fingers crossed for a breakout this year!

  • Reply to

    Potential Canadian problem?

    by pezaguy Dec 18, 2013 7:51 PM
    pezaguy pezaguy Feb 5, 2014 3:49 PM Flag

    That's great news for NICK shareowners. I'm glad that's settled. Good luck to all NICK longs and good luck to PSEC.

  • Reply to

    Potential Canadian problem?

    by pezaguy Dec 18, 2013 7:51 PM
    pezaguy pezaguy Feb 4, 2014 6:59 PM Flag

    I have not seen the prospectus and I hope the situation I experienced a few years ago doesn't happen. I searched then and couldn't find anything in print to explain it. Again, that situation was a Canadian company buying another Canadian so maybe that was unique. This appears to be a US company buying a Canadian so I assume it will be a 'normal' transaction. I went ahead and sold my NICK and will buy into PSEC in 'sections'. I divided my NICK funds into fourths and have already bought 2 times, so 1/2 of my original NICK in now in PSEC. Below I cut-n-pasted a section of NICK's SEC Form10-K:

    Item 1. Business
    General
    Nicholas Financial, Inc. (“Nicholas Financial-Canada”) is a Canadian holding company incorporated under the laws of British Columbia in 1986. The business activities of Nicholas Financial-Canada are conducted through its two wholly-owned subsidiaries formed pursuant to the laws of the State of Florida, Nicholas Financial, Inc. (“Nicholas Financial”) and Nicholas Data Services, Inc.

  • Reply to

    Potential Canadian problem?

    by pezaguy Dec 18, 2013 7:51 PM
    pezaguy pezaguy Jan 31, 2014 5:21 PM Flag

    BTW, I did sell my NICK shares and booked my long term gains and with the proceeds I bought PSEC.

  • Reply to

    Potential Canadian problem?

    by pezaguy Dec 18, 2013 7:51 PM
    pezaguy pezaguy Jan 31, 2014 5:15 PM Flag

    Joey - I guess the main company is Canadian because as shareholders the dividends we received have a foreign tax withheld. I imagine their US susidiary is the one based in Florida.

  • Reply to

    Potential Canadian problem?

    by pezaguy Dec 18, 2013 7:51 PM
    pezaguy pezaguy Jan 24, 2014 7:27 PM Flag

    I'm not Canadian. NICK's U.S. headquarters are in in Florida, but the company is Canadian. That's why when we get a dividend, foreign tax is withheld.

  • TLF's stock hit a yearly [and all time] high in interday trading {9.77} today. Maybe I will get to see this stock reach double digits after all. Hmm, I wonder if there is some news soon to be released. Maybe a buyout?

DKS
53.64-0.55(-1.01%)May 26 4:00 PMEDT