looks perfect time to jump in when everyone is running away...
Investor based on your posts.. Appears you are a shorter.. You better cover on this one
DKS Following The Way Of Sports Authority Into BANKRUPTCY ! Maybe They Have Misreported EARNINGS For A Long Time And Should Be Investigated By The Authorities ?
cnbc women anchors this morning chukled when covering " dks" up down " strong up ward movement" they sucked the dks performance results dry...
Amazon should just get this one imho -
But vanguard crooks will depress the price for sure
Thing here is to listen to the conference call. It will take you an hour but there you will find out how competitors in the hunting sporting goods biz are dumping merchandise for whatever they can get for it. Chance to buy a solid player for very little money.
EPS of $0.22-0.30, excluding non-recurring items, vs. $0.55 Capital IQ Consensus Estimate; comps down low-single digits. Co issues downside guidance for FY18, sees EPS of $2.85-3.05, excluding non-recurring items, vs. $3.62 Capital IQ Consensus Estimate; lowers comps to flat to low-single digit decline from +1-3% vs. +1.5% ests.
$1 EPS per quarter, this is so cheap selling at 7 PE. I am waiting to double my money in 7 years without growth.
The overpaid top management hogs of Coraopolis PA. $4M per year goes a long way in rural Pennsylvania. Salute!
Six downgrades yesterday and already two more this morning including this found on briefing.com. Early Research CallsMisc#$%$ Sporting Goods (DKS 26.87) target lowered to $25 from $40 at Telsey Advisory Group. Firm notes the DKS call was one of the gloomiest they have heard in some time, with 1) the company citing competitors that sell hunting goods behaving irrationally; 2) its apparel vendors loosely enforcing pricing, which is leading to very high promotional activity; and 3) its actions to address findings from its consumer survey that its prices are too high. The combination of these, along with a slowing athleisure trend and the potential impact from Nike beginning to sell through Amazon, make it hard to envision when the trend will reverse. #$%$ acknowledged that its operating margin will be under pressure for some time and won't go back to ~9% over the next several quarters (and possibly never), given the price transparency available to consumers.
6 Analysts downgraded DKS yesterday.
This is why; Co issues downside guidance for Q3, sees EPS of $0.22-0.30, excluding non-recurring items, vs. $0.55 Capital IQ Consensus Estimate; comps down low-single digits. And, ; Co issues downside guidance for FY18, sees EPS of $2.85-3.05, excluding non-recurring items, vs. $3.62 Capital IQ Consensus Estimate; lowers comps to flat to low-single digit decline from +1-3% vs. +1.5% ests.
"sales were pressured by weakness in hunting, licensed and athletic apparel"
If it's $30 it must be friday. Oh, I'm early, it's not $30 yet. I return friday to collect my gratitude from all for predicting $30 last night in the worst of times. Some say I'm always right, why should I argue with them ??
Trump and Amazon fight hitting up. Trump will support retail sectors for tax reasons.
They had profit for the quarter so I doubt they are closing down. They are not bleeding money. I have stocks with negative earnings but is going up so this sell is overblown.
sales revenue everything under pressure. Amazon is giving #$%$ to all retail sectors. till that cools down it's tough CEO also mentioned this
Going back to $30, Buy here at discount ; stock was $40+ same time last year with same #s, etc.. overreaction yest as usually
Missed earnings by 4c.. Stock was $50 with the projected 4Q earnings coming up same time last year
i don't think it is going under ... buying my fishing stuff there, jackets, shoes, bikes