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Post by jimstc on Aug 29, 2018 13:05:50 GMT -5
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Post by Woody Williams on Aug 29, 2018 13:53:04 GMT -5
I’m pretty sure Under Armor was a boycott target of hunters when they dropped sponsorship of a tv hunter that was well liked...because he killed a bear with a spear.
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Post by jimstc on Aug 29, 2018 13:56:34 GMT -5
I’m pretty sure Under Armor was a boycott target of hunters when they dropped sponsorship of a tv hunter that was well liked...because he killed a bear with a spear. That is also my recollection. Had forgotten it until you mentioned it.
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Post by greghopper on Aug 29, 2018 14:00:16 GMT -5
...."Shares of Dick's Sporting Goods were up 13% this year through Tuesday.".....
That's pretty much the bottom line!
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Post by jimstc on Aug 29, 2018 14:32:47 GMT -5
...."Shares of Dick's Sporting Goods were up 13% this year through Tuesday."..... That's pretty much the bottom line! Not really: Dick’s said on Wednesday it expected annual same-store sales to decline by 3 percent to 4 percent, compared with a 0.3 percent decline in 2017. “We had expected comp weakness in hunting and electronics, as well as continued pressure in Under Armour and less benefit from store maturation, but these trends caused more pressure than anticipated,” Telsey analyst Joseph Feldman said. Net sales inched up nearly 1 percent to $2.18 billion, below the average Wall Street estimate of $2.24 billion. Dick's Sporting Goods plunged as much as 14% in pre-market trading on Wednesday as a slowdown in Under Armour sales weighed on top-line results. The sporting-goods retailer earned $1.20 a share during the second quarter, easily beating the the $1.06 that Wall Street analysts surveyed by Bloomberg were expecting. Dick's recorded second-quarter sales of $2.18 billion, missing the $2.23 billion that was anticipated. Comparable sales fell 1.9%, worse than the 0.8% drop that was expected. Projected declining same store sales of 3% to 4%, (10X 2017) and comparable sales down over double what was estimated are the bottom line. Not a pretty picture from a management perspective.
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Post by greghopper on Aug 29, 2018 14:41:59 GMT -5
So their shares going up 13% for the year so far is a bad thing? Hmm
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Post by jimstc on Aug 29, 2018 14:45:11 GMT -5
Consumer confidence is at an 18 year high. Consequently, retail stocks should be going higher and same store comps should be expanding. One without the other is not sustainable. Their net sales were up less than 1% in this environment? And that is good how?
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Post by jimstc on Aug 29, 2018 14:48:03 GMT -5
So their shares going up 13% for the year so far is a bad thing? Hmm Didn't say that Greg. I am looking at growth prospects or the lack thereof. And the ability to hold stock price gains
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Post by greghopper on Aug 29, 2018 15:04:09 GMT -5
Their stock has been up and down all year and currently up 13% for the year!
That increase doesn't happen if you doing wrong things.
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Post by jimstc on Aug 29, 2018 15:18:31 GMT -5
Their stock has been up and down all year and currently up 13% for the year! That increase doesn't happen if you doing wrong things. Are you kidding me? Do you honestly believe that the stock price of a company is a litmus test of the success of management? Markets are hitting all time highs. A rising tide.........
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Post by greghopper on Aug 29, 2018 15:47:14 GMT -5
I venture to say there all more people buying Dick's stock then selling it today.
Most smart people don't move with knee jerk reaction!
Let see where Dick's stand in a few more months
BTW.... There is a difference between losing sales and losing Profits!
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Post by jimstc on Aug 29, 2018 16:02:11 GMT -5
I venture to say there all more people buying Dick's stock then selling it today. Most smart people don't move with knee jerk reaction! Let see where Dick's stand in a few more months BTW.... There is a difference between losing sales and losing Profits! You are entitled to your opinion but sales create profits. Economics 101. Oh and people who buy a stock are not always smart or we would all be rich
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Post by jimstc on Aug 30, 2018 13:31:21 GMT -5
I venture to say there all more people buying Dick's stock then selling it today. Most smart people don't move with knee jerk reaction! Let see where Dick's stand in a few more months BTW.... There is a difference between losing sales and losing Profits! Nope. Not more buying than selling. Stock gapped down 10% at the open. That is the market maker trying to stem the selling by dropping the bid price precipitously. Volume yesterday was over 23 million against an average volume of 2.3 million and the stock closed down almost three percent. The math does not indicate more buyers than sellers. Not to forget that it was down 14% in pre market trading. Why? Way more sellers than buyers. Panic, or as you say "knee jerk reaction". I guess all those sellers were the dumb ones..... Let's do see where DKS is in several months as they try to reinvent themselves
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Post by jjas on Aug 30, 2018 15:22:49 GMT -5
jimstsc
FWIW, (and I can't say where and/or who I heard this from), Dick's is going to try and reinvent themselves by eventually doing away with fishing and hunting and concentrating on apparel, team sports, golf and shoes.
They (Dick's) are also going to close some stores. How many I do not know.
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Post by greghopper on Aug 30, 2018 16:13:44 GMT -5
I venture to say there all more people buying Dick's stock then selling it today. Most smart people don't move with knee jerk reaction! Let see where Dick's stand in a few more months BTW.... There is a difference between losing sales and losing Profits! Nope. Not more buying than selling. Stock gapped down 10% at the open. That is the market maker trying to stem the selling by dropping the bid price precipitously. Volume yesterday was over 23 million against an average volume of 2.3 million and the stock closed down almost three percent. The math does not indicate more buyers than sellers. Not to forget that it was down 14% in pre market trading. Why? Way more sellers than buyers. Panic, or as you say "knee jerk reaction". I guess all those sellers were the dumb ones..... Let's do see where DKS is in several months as they try to reinvent themselves The Dow closed down but Dick stock closed Up somebody's buying .Hmm But Yeah.... let see what happens
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Post by jimstc on Aug 30, 2018 16:51:27 GMT -5
Nope. Not more buying than selling. Stock gapped down 10% at the open. That is the market maker trying to stem the selling by dropping the bid price precipitously. Volume yesterday was over 23 million against an average volume of 2.3 million and the stock closed down almost three percent. The math does not indicate more buyers than sellers. Not to forget that it was down 14% in pre market trading. Why? Way more sellers than buyers. Panic, or as you say "knee jerk reaction". I guess all those sellers were the dumb ones..... Let's do see where DKS is in several months as they try to reinvent themselves The Dow closed down but Dick stock closed Up somebody's buying .Hmm But Yeah.... let see what happens What does "Hmm" mean? The facts are that significant institutional investors were selling yesterday. Hence the 23 million share volume. Retail investors can't muster that kind of volume. So the big money or "smart" money was selling the stock based on the DKS earnings report and outlook. Today the buyers were buying on weakness. Likely retail buyers. Hence the 5 million volume. A lot of stocks closed up today. The DOW is 30 stocks. Hardly a broad representation of market sentiment. The DOW was down .53%. The broader indices were down .26 to .44%. So what? China trade war fears drove the market today. Real simple if you think about it. Bottom line: institutional investors sold the stock heavily yesterday. That is the smart money.
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Post by greghopper on Aug 30, 2018 17:24:51 GMT -5
We shall see... DKS stock has gone up and down for a while now and look to still be up for the year!
I am going with what some others where saying when this all started it's will have minimal affect in the long run! Time will tell,not short term actions.IMO
BTW.... DKS didn't get to their level of popularity by having dumb folks driving the ship!
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Post by jimstc on Aug 30, 2018 17:55:03 GMT -5
We shall see... DKS stock has gone up and down for a while now and look to still be up for the year! I am going with what some others where saying when this all started it's will have minimal affect in the long run! Time will tell,not short term actions.IMO BTW.... DKS didn't get to their level of popularity by having dumb folks driving the ship! LOL!!!!!!
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Post by greghopper on Aug 30, 2018 17:57:54 GMT -5
We shall see... DKS stock has gone up and down for a while now and look to still be up for the year! I am going with what some others where saying when this all started it's will have minimal affect in the long run! Time will tell,not short term actions.IMO BTW.... DKS didn't get to their level of popularity by having dumb folks driving the ship! LOL!!!!!! MEH....
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Post by jimstc on Sept 1, 2018 10:12:27 GMT -5
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