What I Am Buying Today.

[fenders53]

(01-25-2022, 02:34 PM)stockguru Wrote: In regards to DKS

You cant base on where the price was a year or 2 ago. DKS is way better positioned now then it was. And growing much faster. I'm I can get a company less then a 10 PE and growling at 20 % clip to me that represents value.  2 years ago the PE was 60 now it's9. If I looked at stocks solely based on how much its up that's not a good formula to use. As long as the story hasn't changed and they are growing earnings year after year with a reasonable PE there's no reason not to own it. I bought it at 69, 72, $87, 92, and $97. Its now crosses the 50 MDA. Not many stocks can say that currently lol

And like Fenders said. No one can compete with them in the US. They already put 2 other sport retailers out of business. The CEO is fantastic.

And you just bought LHX which has run from $168 So your not practicing  what you preaching lol

Give him hell lol.  He just can't lay off the "Merchants of Death" stocks.  That was a joke, I retired from the Army and we used a ton of LHX gear. 

The DKS by me is impressive.  It is literally the size of a Super WMT.  Only real competitor is 50 miles away and I think Scheel's is regional?  In addition to normal sporting goods, the hunting and fishing stuff is hot in many states.  I really liked Gander Mountain but DKS buried them.  If there was a recession I'd take the sidelines for a while, because huge stores are expensive.  If they keep expanding their internet sales they will be hard to dethrone for years.  You can lay hands on the expensive stuff which is still desirable to many.