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Big 5 Sporting Goods Corporation (BGFV)
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2,429 reactions on $BGFV conversation
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Maybe the appointment of Lily Chang and her strong ties to private equity and said PE firm's past association with buyout of BGFV and intimate knowledge of the company signals a possible management-led take private transaction. That certainly would be consistent with the methodical muting of stock price over past 2 months. Covid re-lapse, supply chain issue anxiety and overall market anxiety for retail has seemed to underpin the perfect storm for this. Next couple of days of trading should be interesting.
Retail sales up in sports and leisure gear. 33% from last year also. Hopefully it starts moving up today. Options expire today and most likely will not go over 25 today. Last expiration date the price ended @ 24.98.
Recent dividend hikes put this right in my wheel house... As of today, new long shareholder...
Private equity is on the prowl for immediately accretive acquisitions. Recently STMP was trading around 200$ and was bought out for 330 $ cash by PRIVATE EQUITY firm. They had no debt, solid business and attractive PE, just like BGFV.
Not sure if I would hold this stock through the earnings report. Regardless of what the number is, there is a very strong possibility management will discuss the supply chain issue which I am sure they are feeling in spades and use it to buffer any forecast they might otherwise make. If so this will scare a lot of investors. Thoughts?
Interesting board appointment. Lily Chang currently works for LGP. Did you know private equity firm LGP bought Big 5 Sporting Goods in 1992 ? Then founders bought it back from LGP, then took it public in 2002?
Wonder if another take private is in the works? With no debt, strong fundamentals and seemingly low stock price, a private equity buyout or take private would seem plausible about now.
More Info on Mclean Capital Management downgrade of BGFV. They service an entire group of 11 clients.
Not only does Mclean Capital Management, registered in 2008, serves 1 state(s) with a licensed staff of 1 advisors. Mclean Capital Management manages $5.4 million and provides investment advisory services for 11 clients (1:11 advisor/client ratio)
NOW READ THIS:
Mclean Capital Management or an advisory affiliate was previously involved with violating a regulation or statute by a domestic or foreign court, the SEC, CFTC, or another regulatory body or commodities exchange.
The SEC, CFTC, or another regulatory agency has previously entered an order against Mclean Capital Management or an advisory affiliate in connection with an investment-related activity.
Stockopedia rates this as one of the best. However, it seems on a big downward trend recently. Any reasons?
Mclean Management downgrades BGFV??? For those of you who think this means anything, perhaps you need to see this!
Mclean Capital Management, registered in 2008, serves 1 state(s) with a licensed staff of 1 advisors. Mclean Capital Management manages $5.4 million and provides investment advisory services for 11 clients (1:11 advisor/client ratio).
Bgfv consistently beat earnings estimates. I don't get the over 30% short interest.
So is this a failing share in your opinion?
Some interesting things are happening in the last week and today … more block trading this morning … low volume stock up nicely + , shorts have reduced their hold from 42 plus to 35% during low volume of course. … and the amount of open interest on calls that was there in October… all signs are positive for those of us that are long term holders of this stock … Looking good … not just today but going forward…
65% tutes own but somehow 50% open short. Add the retail shares and we are well over 100% of the float. This is going to run big as the naked shorts are going to get squeezed.
I'm buying ASO and DKS in addition to Big 5. I'm giving myself an early Christmas present. Guns and Ammo and camping equipment for the hunting seasons.....lol
Today is end of Q. Now (or next week) would be good time for management to come out with some kind of guidance commentary to disassociate BGFV, with the problems of BBBY. - and perhaps announce a stock buyback program as well.
Next week I see the shorts being squeezed, finally. Options market showing the way now.
Alot of low hanging fruit with BGFV, with the dividend, no debt, strong business outlook and favorable sector.
Could be easily financed or leveraged with the strong balance sheet. Kinda surprised a bottom feeder low baller PE retail player like Sycamore Partners has not made an unsolicited run yet.
700,000 Elk hunters hitting the mountains. Tennis shoes? They don't need tennis shoes, they want boots. Sleeping bags, camo,hand warmers, Yeti coolers, calls,arrows, etc,etc. Don't forget the bullets. Go Big Five.
Yahoo showing the number of institutions holding shares at 180…up from 173 a month ago.
Anything under $25 is a great deal. Great dividend and they will have another strong quarter next month. They have a lot of cash and might buy back stock.
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