WeaponsManAh, let us taste the sweet nectar of Schadenfreude.
Dick’s Sporting Goods Inc. (DKS) on Tuesday reported net income that declined by 17 percent in its fiscal second quarter, and beat analysts’ expectations.
The Coraopolis, Pennsylvania-based company said profit fell to $69.5 million, or 57 cents per share, from $84.2 million, or 67 cents per share, in the same quarter a year ago.
Dick’s Sporting Goods shares have declined $14.59, or 25 percent, to $43.51 since the beginning of the year.
via Dick’s Profit Sinks on Higher Costs, Restructuring Charge | Fox Business.
Revenues actually rose slightly, and they beat the analysts by a couple pennies, because the analysts were already expecting them to decline. So the stock ticked up a hair. But here’s a couple of fine points from Yahoo Finance.
The first, the big chart, is the six month performance of the stock. Next, look at the lowest section of the graphic, which tracks Dick’s for over ten years. It took a hit like everyone in the Great Bath of 2008, but then recovered — until it went Full Bloomberg. Note how 2014 (far right) doesn’t look like the previous years. Only two analysts have issued recommendations on the stock in 2014, and they split (Hold and Buy).
Compare Smith & Wesson over the same period. We think of Smith as the most volatile of the gun stocks, but look how big the squares of this graph are! The stock has varied, but over a $5 range; and the June peak was a 52-week, post-Recession, and all-time (since 1998 or so, when the chart begins) high.
Dick’s has been looking for a way to get back into the growing, profitable end of the gun market without bringing down the wrath of the Bloomberg Rent-a-Moms, who were praising it when it threw the gun culture overboard.
As you sow, so shall you reap..
A store full of cheap Chinese products. Somebody tell me another country that has written the authoritative book on war, stressing spies as the key, taken all our industry and technology, our secrets and somehow buying up all our fake debt and receiving our best land as collateral in the process? Can anybody tell me who the real enemy is?
As Marcus Tullius Cicero wrote: “A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear.”
While the enemy may appear to be the Chinese, what they truly required to defeat us, was a pack a traitorous scum. Yet, this traitorous scum is an equal opportunity turncoat and they sell their treason to the highest bidder. It’s been going on since the days of Andy Jackson, correction, since before the American Revolution. It’s just more visible now because the corruption is as ubiquitous as shit in a cow pasture. We are rapidly approaching the apex of descent and the landing is really going to hurt.
Hear, hear!
Wow! You said it right, Joe.
to their credit, many gun enthusiasts have long memories after they have been infringed.
I had to go to another city to buy a gun safe, because the Knoxville store quit carrying them. When they quit selling firearms, I quit shopping there. Haven’t been in several years.
I NEVER go to Dick’s. Besides the fact that the name of the store is a joke in itself, I think I shopped there twice in my entire life. Hated the employees, hated the overpriced products, hated the service and now with them recently cozying up to the gun control crowd, I absolutely hate them with a passion.