Dicks Sporting Goods says it may have to close its Field and Stream stores because of poor sales. Still, they say they don’t regret their choices and would make the same choices again if they were given a do-over. It’s not many companies that will deliberately and knowingly piss away significant business while telling investors they are happy to have cost them money. I notice they are rated a sell currently.
Dick’s Sporting Goods Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
Sounds about right to me!