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Joined: Jan 2006
Posts: 19,824 Likes: 2
Campfire Ranger
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OP
Campfire Ranger
Joined: Jan 2006
Posts: 19,824 Likes: 2 |
It's pricing to go public on 4/16 at around $11 to $13 per share. Any opinions?
"Be sure you're right. Then go ahead." Fess Parker as Davy Crockett
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Joined: Aug 2003
Posts: 39,266 Likes: 37
Campfire 'Bwana
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Campfire 'Bwana
Joined: Aug 2003
Posts: 39,266 Likes: 37 |
If it gets them to come back to Green Bay - I'm all for it.
Miss that place.
Me
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Joined: Sep 2003
Posts: 23,521 Likes: 15
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,521 Likes: 15 |
IPOs haven't been doing well as of late, so a guy could get a deal. I might grab some.
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Joined: Jan 2006
Posts: 19,824 Likes: 2
Campfire Ranger
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OP
Campfire Ranger
Joined: Jan 2006
Posts: 19,824 Likes: 2 |
IPOs have been showing a little weakness lately. Ally Bank closed below it's opening price last week.
"Be sure you're right. Then go ahead." Fess Parker as Davy Crockett
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Joined: Oct 2002
Posts: 96,121 Likes: 1
Campfire Oracle
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Campfire Oracle
Joined: Oct 2002
Posts: 96,121 Likes: 1 |
I'm not prone to donate money to debt ridden company. YMMV
"Dear Lord, save me from Your followers"
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Joined: Mar 2009
Posts: 7,177
Campfire Tracker
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Campfire Tracker
Joined: Mar 2009
Posts: 7,177 |
I'm not prone to donate money to debt ridden company. YMMV Me neither
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Joined: Sep 2003
Posts: 23,521 Likes: 15
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,521 Likes: 15 |
I'm reading the prospectus. What jumps out at me is that it looks like they are losing % of of sales steadily to items that can be purchased online. Over half of their business (55%) is in firearms/hunting, which as been increasing. They also own zero property, and lease it all.
The numbers suck right now on the balance sheet. A buy at $5
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Joined: Oct 2002
Posts: 96,121 Likes: 1
Campfire Oracle
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Campfire Oracle
Joined: Oct 2002
Posts: 96,121 Likes: 1 |
I'd sooner put $100 on Blue Bonnet to place.
"Dear Lord, save me from Your followers"
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Joined: Feb 2005
Posts: 15,565
Campfire Ranger
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Campfire Ranger
Joined: Feb 2005
Posts: 15,565 |
If it gets them to come back to Green Bay - I'm all for it.
Miss that place. We had one here also. Can't figger it out. It was great. Much better than Gander Mt., which still seems to thrive on little merit.......
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Joined: Mar 2012
Posts: 6,519
Campfire Tracker
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Campfire Tracker
Joined: Mar 2012
Posts: 6,519 |
I think their numbers are propped up over the last several years by firearms sales. They own no real property. You are investing in a retail brand that in the future will continue to see increased competition online and from Increased expansion of Cabelas and Bass Pro into the Western US.
Sportsman's no online sales presence and I would characterize their current online presence as "pathetic".
"And for the support of this Declaration, with a firm reliance on the protection of divine Providence, we mutually pledge to each other our Lives, our Fortunes and our sacred Honor."
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Joined: Sep 2003
Posts: 23,521 Likes: 15
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,521 Likes: 15 |
I'd sooner put $100 on Blue Bonnet to place. Most IPOs are debt ridden, there balance sheets suck, and they really don't own many assets. Thus the need for an IPO to raise funds. Back before Cabelas took off, it was trading at 5-10 a share, and was called one of the worst companies out there, due to inventory issues. Well, now it's $65 a share, and it's been higher. It'd be a bet, but with the surge in popularity of shooting sports, it could be a short term play. Let things settle out, it's going to be a [bleep] week for an IPO. If it dips down to the $5 range, but a thousand shares and tuck it away. If you think democrat rule is around to say, investing in a retailer where 30% of products must be bought in house (like powder, primers, ammo), might not be a bad move.
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Joined: Sep 2003
Posts: 23,521 Likes: 15
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,521 Likes: 15 |
After reading more, it'll take a pretty low price to get me in. If it tanks hard after the IPO I'll jump in. Other than that, I'm out.
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Joined: Feb 2004
Posts: 19,253 Likes: 4
Campfire Ranger
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Campfire Ranger
Joined: Feb 2004
Posts: 19,253 Likes: 4 |
The market is saturated with sporting goods companies. The stock holders will want a return as well. I really like the local Sportsman's warehouse but I don't think going public is the way to success in their case. If they want to be successful they need to focus on the in store availability of products and their web site. They have a gold mine now that their foot is on the door but they need to focus on selling quality products at a fair price in a competition rich environment. kwg
For liberals and anarchists, power and control is opium, selling envy is the fastest and easiest way to get it. TRR. American conservative. Never trust a white liberal. Malcom X Current NRA member.
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Joined: Jan 2009
Posts: 11,562 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2009
Posts: 11,562 Likes: 2 |
If it gets them to come back to Green Bay - I'm all for it.
Miss that place. No doubt, there was one close by in New Berlin, miss that place dearly.. As far as the IPO, Gander Mountain's IPO comes to mind, No thanks.
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Joined: Jan 2006
Posts: 19,824 Likes: 2
Campfire Ranger
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OP
Campfire Ranger
Joined: Jan 2006
Posts: 19,824 Likes: 2 |
Personally I won't touch it and if the market doesn't improve, they ought to pull it. The bankers have been pushing IPOs out the door as fast as they can. That in itself says something.
"Be sure you're right. Then go ahead." Fess Parker as Davy Crockett
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Joined: Sep 2003
Posts: 23,521 Likes: 15
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,521 Likes: 15 |
If it gets punished severely out of the gate, I'll buy, and greedily. Hate to say it, but we are just another shoot shooting or terrorist attack away from those stores being packed again. We still haven't settled down from the last one.
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Joined: Sep 2008
Posts: 260
Campfire Member
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Campfire Member
Joined: Sep 2008
Posts: 260 |
You can't be serious!!! LMAO I HAVE TO FORWARD THIS TO MY BROKER!!!! It's hilarious!!!!
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Joined: Oct 2002
Posts: 96,121 Likes: 1
Campfire Oracle
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Campfire Oracle
Joined: Oct 2002
Posts: 96,121 Likes: 1 |
If your broker's only interest isn't to his family I'd [bleep] him.
There's a hint
"Dear Lord, save me from Your followers"
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Joined: Jan 2010
Posts: 23,576 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Jan 2010
Posts: 23,576 Likes: 2 |
You can't be serious!!! LMAO I HAVE TO FORWARD THIS TO MY BROKER!!!! It's hilarious!!!! ???Seems like a series of reasonable posts to me. What am I missing?
have you paid your dues, can you moan the blues, can you bend them guitar strings
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Joined: Sep 2003
Posts: 23,521 Likes: 15
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,521 Likes: 15 |
IPO was at 9.50. I'll buy 1k shares if it hits $3.
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