Sunday, December 2, 2018

Get Woke, Go Broke? DICK'S Sporting Goods Warns Investors That Decision To Get Rid Of Guns Cost Company Dearly

Via Billy
Image result for dick's guns

Dick's Sporting Goods is warning investors that its decision to remove certain "assault-style" weapons from its Field & Stream stores cost it dearly and may limit its future gains.

The sporting goods retailer was forced to confront angry shareholders late last week after its stocks tanked more than 4.5% and financial conglomerate J.P. Morgan Chase downgraded Dick's shares, saying the company was "overweight."

6 comments:

  1. Dang, they just might go out of business........heh.

    ReplyDelete
  2. You didn't have to be a rocket scientist or financial genius to predict this result. It's one thing for a privately held company to advance social/political causes, but entirely different for a public company to do so. The stockholders aren't guiltless either; they should have seen this coming.

    ReplyDelete
    Replies
    1. It's one thing for a privately held company to advance social/political causes, but entirely different for a public company to do so.

      Good point.

      Delete
  3. In the excellent book, "Boston's Gun Bible", the author Ken Royce writes something like, "if the gun banners really knew much about guns, then they would want to ban the scoped hunting rifles". It appears that includes Dick's. --Ron W

    ReplyDelete
    Replies
    1. they would want to ban the scoped hunting rifles

      How sweet it is! :)

      Delete