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Dick's Sporting Goods Inc. Message Board

valuemonster123 15 posts  |  Last Activity: Aug 21, 2014 6:46 PM Member since: Jul 24, 2013
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  • Reply to

    It's over

    by janicem_98 Aug 20, 2014 11:52 AM
    valuemonster123 valuemonster123 Aug 21, 2014 6:46 PM Flag

    Fault? EASY.....Levra & Gang. They are incompetent. California hit hard?!? What a joke. I made a boatload on Oshmans, SportMart, Gart, Sports Authority, Big5, even DKS (but more on the short side than long side). Sport Chalet has burned EVERY single believer in the business. Say goodbye to MANY loyale customers. Great luck to almost all............

  • Reply to

    It's over

    by janicem_98 Aug 20, 2014 11:52 AM
    valuemonster123 valuemonster123 Aug 21, 2014 6:43 PM Flag

    Yes, the trading is over, but the litigation continues. Great luck to almost all.....

  • valuemonster123 valuemonster123 Aug 21, 2014 6:39 PM Flag

    I will certainly not shoppe at Sport Chalet again. Nor will I recommend anyone else do either. They have burned (many) important bridges...Great luck to all.....

  • valuemonster123 valuemonster123 Aug 19, 2014 5:53 PM Flag

    Well said. They are a substandard bunch of waaaayyyyy OVERPAID fools. In order to dodge this disaster, one had to buy the stock exceedingly cheap. Thankfully I did but there are many who didn't and are getting the shaft. Great luck to you........

  • valuemonster123 valuemonster123 Aug 19, 2014 5:51 PM Flag

    You make me laugh. I haven't been charged a restructuring fee of any kind for a decade or so. The benefits of having very good 'credit' and a large account. I had enough B shares alone to prevent this from happening, or allowing it to sail through -- depending on your point of view. I will be very interested to see how Levra & Gang were able to work the 'guaranteed delivery shares.' Trust me, something will be looked at. Can't guarantee a resolution suitable for those who wish to see capitalism practiced in the United States, but the best disinfectant is sunlight.........

    Will get $75,000 for my A and B shares. Split pretty evenly, but a little more A than B. About $15,000 profit, when I should have had a multiple of that. Let's see what happens with the lawsuits. Trust me, there will be several of those.....

    All JMHO. Great luck to all.............

    Again, will not shop at a Sport Chalet EVER again. Neither will my friends, nor family, nor the sports teams I influence. SPCH has shot themselves in the foot. Granted, they have been doing this for years with a substandard manager like Levra and his Gang in charge.

  • AFTER Levra nearly ran Sports Authority into the ground head-first. Olbertz a VERY POOR judge of character putting controlling interest with this maggot (MHO) and group of maggots. In my life I have NEVER seen a going concern sold for such a low multiple of P/S. Let the litigation begin. Levra & Gang should be ashamed of themselves, but ilk of this calibre rarely is. My only question is what 'side deal' is out there for Wedbush to vote their 2M shares into/FOR this SHAM? There is no way Ed would be THIS stupid. All JMHO.
    Can't wait for the investigations to commence to shake something loose. All JMHO.
    Great luck to almost all.............

  • Reply to

    VOTE AGAINST this SHAM...Throw the Bums OUT

    by valuemonster123 Jul 17, 2014 3:35 PM
    valuemonster123 valuemonster123 Aug 15, 2014 6:23 PM Flag

    Vote means nothing?!? Wanna bet? You sound like one of the 'LEVRA & GANG' folks. Sports Chalet should be sold for 50%+ of revenues. You do the math. That means a multiple of today's so-called arms-length 'offer'. All JMHO. Great luck to all.......

  • valuemonster123 by valuemonster123 Aug 15, 2014 6:17 PM Flag

    First, you make an excellent case for securities litigation. IF they even ATTEMPT at issuing more B shares to get the deal done, then they are dumber than they look. Which brings me to another GREAT point you make. GET RID OF LEVRA & GANG. They are substandard #$%$ (MHO) and should be shown the door. Too bad Olberz was suffereing from senility to be sweet-talked into giving Levra controlling leverage in Sports Chalet. A lot of problems can be tied directly to this.
    My advice? If I were a group of #$%$ like LEVRA & GANG, I would offer a premium fo rthe 'B' shares. Get the deal done. Whatever it takes.....
    As far as profits? My shares are profitable at $1.20 and at $1.04 (where BTW, the deal would NEVER get done IMO). Why? I never trusted LEVRA & GANG and as a result bought multiple times as shares were available under $1.00.
    Bottom line, this company should CHANGE SENIOR MANAGEMENT and float the shares where someone with retailing talent could accumulate them and make meaningful (i.e. shareholder-friendly) changes, including a potential buyout. You are correct that the controlling interest has caused probems -- major problems. An ENTRENCHED SUBSTANDARD SENIOR MGMT TEAM is the primary result. All JMHO. Great luck to all......

  • valuemonster123 valuemonster123 Aug 6, 2014 11:42 AM Flag

    Senior Mgmt.....

  • valuemonster123 valuemonster123 Aug 6, 2014 11:42 AM Flag

    should have said ENTRENCHED Serione Mgmt. My bad....Great luck to all.....

  • Reply to

    Done deal

    by janicem_98 Aug 4, 2014 3:19 PM
    valuemonster123 valuemonster123 Aug 6, 2014 11:32 AM Flag

    Maybe they will, maybe they won't. I have 30% of the remaining B shares they need to consummate this sham. I am AGAINST. I will go the 'appraisal rights' road if need be. You are right that Levra & Gang 'control' their percentage, but that is b/c Norman Olberz screwed up and allowed monsters (IMHO) to sweet talk him out of doing the right thing. Levra screwed up Sports Authority and then left. Know what happened?? My TSA shares went up 5-fold before Leonard Green & Associates bought TSA out.
    Same thing should happen to SPCHA & SPCHB. Anyone voting 'for' and yes I have seen the percentages is making a horrible mistake. Liquidate SPCH and you would get 2x what they are offering. Seek a FAIR bid and you would get 3x if not more.
    This is a sham, no two ways about it. If you don't see it, then you are on the INSIDE benefitting from STEALING this company at this value. All JMHO......Great luck to all.......

  • Reply to

    Confused - did they beat?

    by alphamontana11 Aug 4, 2014 4:47 PM
    valuemonster123 valuemonster123 Aug 5, 2014 5:50 AM Flag

    YES!!!!! AMAZIN that the market doesn't realize this yet!! Stock should be at $18 IMHO minimum with a chance at $22-23. Much more if the health craze takes over and 'liquids' are the way to go. Great luck to all......

    Sentiment: Strong Buy

  • valuemonster123 valuemonster123 Jul 17, 2014 3:38 PM Flag

    You are a joke and a moron. Go ahead, let the share price drop. Then it won't be filled at $1.04 either. THEN maybe LEVRA & Gang will get their walking papers and an open and FAIR transaction can be accomplished. Great luck to all.........

  • JMHO. Shareholders should vote to THROW THE BUMS OUT. They are attempting to STEAL this company at an unfair and unjust valuation. Craig Levra & Gang should be ashamed of themselves. That they are not, shows the low level they have sunk to. FIRE them and bring in someone UNBIASED to sell this Company at a fair and arms-length transaction. The Board has a fiduciary duty to represent ALL shareholders. Their heavy-handed tactics show they are unworthy of conducting an open and fair process. IF they seemingly get away with it, let there be LITIGATION. MASSIVE LITIGATION to protect the TRUE owners, which is the shareholders. Don't let their heavy-handed tactics be rewarded............Great luck to all...........

  • AMAZING that something like this can happen. Obviously a quick tender to avoid any scrutiny! Levra STAYING as CEO?!?! What a joke. A complete insider deal. A person incapable of turning around Sport Chalet being REWARDED by staying as CEO?!? What a sham for shareholders. Levra & Gang should be FIRED, and THEN Sport Chalet be put out for auction -- a fair and OPEN auction. That appears to be the only way to get a fair price for Sport Chalet's assets. Mgmt (IMHO) is taking shareholders for another ride. Will they get away with it?!? Hopefully not. I am not one for litigation, but somethimes this is necessary to achieve fairness for the TRUE OWNERS of the company (i.e. the shareholders), and not an INTRENCHED mgmt. Great luck to all............

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