Gander Mountain Company (GMTN)

mnowak94 (< 20) Submitted: 9/5/2007 9:13:15 AM : Start Price: $7.69 GMTN Score: +13.85

Gander Mountain doesn't have a competitive advantage over all competitors. While local stores are more convenient than Cabela's or Bass Pro Shops, their customer service doesn't compare and commonly has identical pricing. Dick's Sporting Goods or smaller sporting goods stores offers the convenience of local stores in many markets, and commonly delivers somewhat better prices and/or service.

Gander Mountain stores have some uncommon products & services, such as gunsmithing, bow pro shop & indoor range, ATV sales, etc. However, when I do go to a Gander Mountain store, I don't see a tremendous volume of sales activity in these departments. I just don't see these departments radically influencing the bottom line.

Bottom line is that I personally find few compelling reasons to shop at Gander Mountain, and believe this tends to be reflected in the general public as well. Given that Bass Pro Shops continues to expand in many of the same areas, I think Gander Mountain will continue to be less compelling. All this adds up to declining sales relative to competitors and poor performance.

m78jordan (< 20) Submitted: 8/1/2007 11:07:00 AM : Start Price: $9.86 GMTN Score: +29.61

The hunting fishing store model is broken. Due to current credit markets, there is to sale in the immediate future.

xdogg (< 20) Submitted: 5/10/2007 6:48:03 PM : Start Price: $14.88 GMTN Score: +44.29

I just can't see this being a long term winner.

sdcs2005 (28.53) Submitted: 4/12/2007 11:21:57 PM : Start Price: $12.17 GMTN Score: +39.51

Stock overbought. Fundimentals suck. Overinvestment in markets where there is no brand recognition. Only strategy is spread fixed cost over more stores.

TMFMattyA (93.91) Submitted: 2/26/2007 3:04:49 PM : Start Price: $11.09 GMTN Score: +35.74

My only concern here is the already high level of short interest, which will probably provide short-term support to the stock; other than that, we're dealing with a weak player in a highly-competitive industry (retail sports equipment/gear) with a substantial debt-load and negligible free cash-flows; unless management can significantly reduce costs and drive revenue growth at existing stores, this company is headed down a perilous path.

hiddenflem (< 20) Submitted: 11/22/2006 2:38:44 PM : Start Price: $8.75 GMTN Score: +26.31

thanks to BBQ for this idea

AussieSniper (< 20) Submitted: 11/17/2006 10:07:25 AM : Start Price: $9.07 GMTN Score: +29.02

Poor fundamentals