Poor Sportsmanship at Dick's

5/23 - "First-quarter net income at Dick's fell 4% to $20.8 million, or $0.18 per share. Net sales jumped 11% from last year to $912.1 million, although same-store sales dropped by 3.8%. Unfortunately, comps for its Golf Galaxy concept plunged by 7.4% on a pro forma basis...Dick's said to expect earnings of $1.22 per share to $1.36 per share in 2008 (compared to $1.33 per share in 2007). It also said it believes comps will decrease by 3% to 5% during the year."

"...it looks like Dick's is going to have a tough time this year, so I can't say I'm exactly ultra-bullish on this stock. After all, consumers are nervous and pulling back, and showing signs of nesting. Investors might be a little better served looking at stocks that provide home-centric entertainment -- after all, speaking of a different type of gamer, Activision (Nasdaq: ATVI) and GameStop (NYSE: GME) hav...