A year ago, I had looked at four different outdoor retailers, including Gander Mountain (now NASDAQOTH:GMTA.DL), Cabela's (CAB), Big 5 Sporting Goods (BGFV), and Dicks' Sporting Goods (DKS). At the time, I was trying to build confidence in Gander Mountain, but walked away with a better feeling for Big 5 (a company I had never heard of).
Gander Mountain wasn't great, and over the past year, there was some kind of takeover of the stock/company (I remember reading it at the time, but did not follow closely). [more]
As a shareholder of Frontier, I recently received notice of Frontier’s Stockholder meeting on October 27th and the merger details between Frontier and Verizon/Spinco. This merger will involve Frontier acquiring 4.8 million access lines from Verizon in 11 states. The ‘merger’ is massive, more than doubling the size of Frontier, and handing 66-71% of the company to current Verizon shareholders (heavily diluting the current shares of Frontier that exist) and lowering the dividend. [more]
Verizon (VZ) recently increased it's dividend to 47.5 cents a share, putting an extra 42.6 million in the stockholder's hands. But is this a good decision? 47.5 cents a share a quarter comes out to be $1.90 a year. With 2840.61 (million) common shares of stock, Verizon is looking at $5397.16 (million) a year to pay out. Net income last year? Only $6428.00 (million). That means, over a year Verizon would be paying out 83.9% of it's income.
So I took a look at several outdoor sports retail stores to see which ones were in the best shape. Many people have been pushing these lately due to increased interest in more local vacations (camping, outdoor activities), and increases in sales in sporting and hunting goods. [more]