TSA The Sports Authority
Dan, I know you have a particular fondness of PETM (which I also had - made more money on PETM than any other stock that I ever owned, but figured I needed to leave well enough alone, like DIGI), but you've GOT to check out TSA! Looks like we had a volume reversal from $10.75 to $12.25 a couple weeks back and hasn't looked back since.
TSA is obviously the largest retailer of Sporting Goods stuff in the world. Their financial ratios look incredible...PSR of less than .30 and a price to book to salivate at, 1.25. And they're adding stores. Have profit, albeit not that much, but they do have profits, and they have an incredible management team.
Also, check out the 5 year chart and notice the similarities between Feb 96 and Feb 98. If we repeat 1996, I'll be one happy camper and wil make more money in TSA than PETM.
I can't help but to think of the BBY coorelary. BBY was in the DUMPS not so long ago. Look at them now. TSA is in the dumps now because of short term pricing pressure and oversupply in footwear, in-line skates, treadmill equip. This won't last forever.
Any thoughts? You think I should mortgage my house, like one poster on Yahoo suggested after a conversation with the chair in his condo's elevator? |
