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Old 02-26-2007 | 11:07 AM
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npaden
Nontypical Buck
 
Joined: Dec 2006
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From: Lubbock, Texas
Default RE: Hunting companies overextending themselves?

Gander Mountain is pretty interesting. Not sure when they stopped their catalog business but the stock has had a pretty wild ride over the last couple years. It had an Initial Public Offering at $20 per share in April of 2004 and closed that first day at $24.10. It steadily dropped over the nextyear and ahalf to $5.25 in October of 2005. Since then it bounced around reaching close to $10 over the winter of 2005 spring of 2006 and then dropping back down to it's all time low of $5.08 this summer (August 7, 2006). Since then it has done pretty well, more than doublingto it's current price of $11.15. That's their stock prices. The company has actually lost money that entire period.

Cabela's stock has been relatively stable in comparison. They hit their low of $15 in November 2005 and have climbed back to $25.07 currently. Their high was $29.35 in July of 2004.

The big "D" sporting goods stock has actually performed the best. Their stock started at $32 back in the summer of 2004 and hit a low of $27 in October 2005 and has since climbed all the way up to $54.35 currently.

Cabela's and Dks sporting goods both are actually making money. Cabela's PE ratio is 20.01 and Dks is 29.97; compare this to Target at a PE of 20.88 and Walmart with a PE of 18.29 and it looks like Cabela's is a potential buy right now with what seems to be some potential growth as well as a good solid price per earnings.

Oh well, I don't know if you wanted an in depth stock analysis, but I was curious and started researching and got sidetracked.

FWIW, Nathan
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