Dick's Sporting Goods Stock Tumbles

Discussion in 'Stock Market Forum' started by healthandfitness, May 20, 2014.

  1. jessejeffers

    jessejeffers Member

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    I am keeping mine for now. Give it time, itll be back up!
     
  2. JR Ewing

    JR Ewing Super Moderator Staff Member

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    I'm not really excited by this industry these days, but Dick's has been one of the better companies in the specialty retail industry. If I owned this or had had my eye on getting in and planned to keep a fair amount of money in it for a while, I'd probably see this as a good opportunity to buy in or buy more and wait a while.
     
  3. JaydonTyler

    JaydonTyler Well-Known Member

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    Dicks Sporting Goods was not going to amount to any more then it has. It is not the type of stock to invest in. It has no future. I don't know why anyone would have invested in it to begin with.
     
  4. JR Ewing

    JR Ewing Super Moderator Staff Member

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    A good bit of their revenue comes from gun and golf items, two things that people tend to go out and buy locally. Those two areas took a hit recently, and that's what has hit the stock.
     
  5. Kate

    Kate Senior Investor

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    Not sure where you live, JaydonTyler, but Dick's Sporting Goods has been a strong company for decades. I'm not currently much into the stock market, but may try it out... Dick's is one that I would have chosen in the past... probably even now with the losses reported. This is the nature of the market, but this is a proven strong company and sometimes there are losses.
     
  6. Strykstar

    Strykstar Well-Known Member

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    Why do you say this?
    Why is it "not the type of stock to invest in"? I've always know it as a rather successful company so why not invest in it?
     
  7. Alexis

    Alexis Member

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    I believe the political climate is adversely affecting Dick's as well. It's a good company with a strong history. As they say though, historic earnings do not predict the future earnings. I'm confident with a friendlier political climate, less restrictive gun laws, and focusing on their core business they will pull through. Losses are to be expected in this type of climate and with the economy showing tepid growth. I would still place money on it.
     
  8. Abqu

    Abqu Well-Known Member

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    I'll wait for the next big dip and then jump in on this one. It's a solid company and I don't see it going anywhere. I'm long on this.
     
  9. Strykstar

    Strykstar Well-Known Member

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    That's my feeling as well, they have been successful for many years now, it's not a small tumble that will trouble the future of the company.
     
  10. 2times

    2times Member

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    I was thinking about investing in Dick's Sporting Goods stocks until they started dropping. I hope they Get back up there soon. They are a strong company they're bound to have a comeback soon.
     

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