sold dks -- guessing it will get hammered in rate hike ? ThoughtsDKS
I was looking at this and by some metrics its extremely cheap. Its EV/EBIT is 7.66 times which is pretty cheap but the stock has rallied a ton to twice what it was pre-pandemic. Why will it give hammered with a rate hike?
No idea but a strong dollar is good for US consumers
Look at SSS growth last quarter!!!! Insanely good.
I was getting nervous of the rate-hike - maybe I made a mistake .. too late now I got out to limit risk. Also the GF Value says 'Significantly Overvalued' which made me nervous
Just stumbled a crossed this on the magic formula website between this and Williams Sonoma
I dont understand why DIcks is so undervalued
Hopefully good results come out may 25th
Stimulus is running out. Look at Target - it dropped 25% in a day.
I think Targets problem is they can't pass along rising costs to customers due to lower economic position of most clientele and they said they will defend market share which implies they won't be profitable.