looks perfect time to jump in when everyone is running away...
day traders will slaughter this stock now
Investor based on your posts.. Appears you are a shorter.. You better cover on this one
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 -
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 ?
Thinking this will be just fun ne in 30 days...
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.
Does anyone have a clue who the CEO was referring to in offering irrational pricing? Normally, you offer that kind of pricing because your debt is maturing and you need the cash. But DKS/HIBB/BGFV all have very low debt. So I guess it must be someone else.
$1 EPS per quarter, this is so cheap selling at 7 PE. I am waiting to double my money in 7 years without growth.
I have been into #$%$, Cabela's, Bass-Pro and I refuse to pay the prices these retailer's are asking! I use these stores as a "walk-in catalog" store and will buy from Sportsman's Warehouse or the internet! I'm not paying $279.00 for a 380 taurus pistol that I just bought for $209.00! I am not paying $309.00 for a hunting jacket that I just purchased for $159.00 at Sportsman's Warehouse! I can buy the same athletic gear ON-LINE or at Walmart for 50 percent less then at #$%$! The pricing model is out of whack and customer service SUCKS! If I want horrible customer service I will go to k-mart, Cabela's or Bass-Pro! The day of the MALL RATS are over and #$%$ is a Mall Rat! I'm not a fan and I am not an investor!
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 ??
Looks like yest. was deadcat bounce.. Look for more red tomorrow
Trump and Amazon fight hitting up. Trump will support retail sectors for tax reasons.