Well, there's no accounting for taste - or AR-15 stock apparently...
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  1. #1
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    Well, there's no accounting for taste - or AR-15 stock apparently...

    Somebody ground up $5+ million in stock:

    https://www.foxnews.com/us/dicks-spo...rth-of-weapons

    Glad I don't have investments in those fools.
    Cheers! Marc


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    Must have money to burn, or in this case grind up!
    Curt360 and jeepnut like this.

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    When the board and investors see there returns wonder how big his smile will be. Politics are all fine and good but when an investor loses money on an investment all else does not matter.
    Curt360 likes this.
    Regards,
    Rodney


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  5. #4
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    I sincerely doubt he was that stupid, as to actually destroy $5M worth of merchandise. He is, after all, a businessman, maybe a bad one, but a businessman nonetheless. I’m sure he sold the AR’s and announced to his new cream puff clientele that he destroyed them. He’s looks good to them and saves some money. Just my opinion.
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    Quote Originally Posted by mrerick View Post
    Somebody ground up $5+ million in stock:

    https://www.foxnews.com/us/dicks-spo...rth-of-weapons

    Glad I don't have investments in those fools.
    Here is a business model of total self destruction, while many will applaud, none have skin in the game.. the stock holders will move on, 2 years and done.. my 02..

    Thewelshm
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  7. #6
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    Actually, you could find a lot worse investments that DKS. Up 17% year to date. Plus they pay about a 3% dividend.

    The dog of dogs is our home team. AOBC is down over 50% year to date. No dividend.

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  8. #7
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    I don't care what Dick's does with its Dick's stuff. That's their problem.

    Am I impressed by their actions? No.

    Will I seek out more information about it? No.

    'Cuz I don't care.
    Member GOA, NRA & SAF

  9. #8
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    Quote Originally Posted by ChattanoogaPhil View Post
    Actually, you could find a lot worse investments that DKS. Up 17% year to date. Plus they pay about a 3% dividend.

    The dog of dogs is our home team. AOBC is down over 50% year to date. No dividend.




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    Gee I wonder if AOBC stock has anything to do with today's employees outlook on QC and CS.
    mrerick likes this.

  10. #9
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    Quote Originally Posted by bluecar View Post
    Gee I wonder if AOBC stock has anything to do with today's employees outlook on QC and CS.
    AOBC financial nightmare is driven by poor gun sales. Competitors are also suffering.

    Dick's sells guns, but it's not a significant portion of their sales. They have about $8 billion in annual sales. Destroying $5 million in gun inventory is meaningless to their business other than a PR story.
    Mister Dave and bluecar like this.

  11. #10
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    If I were a stockholder, I would be ticked. Business decisions should not be made because you are on the board and can throw away the actual company owner's money.
    Mister Dave likes this.
    Don't be so open minded your brains fall out.


 
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