Look this is the old Van full of ideas- This is great. #172 Jun 17, 2020 More... Hi Stoney. They have an Ollies in Waterbury and Manchester CT. There's 21 in NY, and 6 in Jersey. Tap in your zip code on their website. They do sell camping and lawn and garden stuff. They're pretty cool stores really. Great place to buy books. Incredible book selection. The stock is pricey, but there's several reasons. I'll get to that later. Now your thesis on camping, here's my opinion Stoney. People who decide that because of Covid, camping will now be their family thing to do... those people are folks of modest means at a minimum. People like that who have heretofore never ventured into a realm such as camping (i hate it btw...)... they do research. Tents, gear, whatever. They use the internet. And people like that, they're gonna use AMZN, and rightly so. Price compare most items on AMZN vs Dicks, there's no compare. Unless it is in fact items that are price controlled by the manufacturer. Like Yeti I suppose, or other top brands of various sporting goods. Anything DKS sells, AMZN sells, and AMZN has all the cheap knock-offs that in many cases.. are apples to apples. DKS stores are huge and expensive af. Always located in the highest priced retail sections of any major city. I mean that's good, but the costs... and the taxes. That also limits growth. By comparison, Ollies always opens up stores in decent areas, but in strip centers with vacancies. Ollies is a "destination store", ie people specifically head out of their hovels to grace one. Renovation costs per sqf are minimal. Their stores are well laid out, but they don't spend a lot on fluff. These are not Target Stores lol. This is a huge component to their growth story. The stores don't have to be pretty, its what's in them that matters. Name brand stuff at 60% off. They've buried Piglots... $BIG... in every market they've entered. BIG has over 1600 stores... Ollies has only 360 in 25 states. Growth potential is huge. Same store sales continue to increase also. That's the reason they are so pricey. All things being equal stoney... imo.... instead of buying your wife some Dicks for the anniversary, I say go with Ollies. DKS is overpriced, its a mature model imo. It should not command that PE. Ollies has huge growth ahead, and if they do load up on quality inventory due to so many other companies shutting down or just dumping inventory for cashflow, then Ollie's organic growth and same store sales should reach new highs. OLLI- $96.50 DKS- $41.50 Lets see what happens going forward. Note, ollies had a nice bounce off of $95 today, but there's a little gap around $92. That $95 bounce today might be a floor going forward... assuming the broader tide stays above 2900 S&P. Where did that man go? OLLI- $71 currently DKS- $83 <---------------- HELLO! I can't remember when Dick was $41
Ok so putting aside the fact that you had me in OLLI instead of DKS... We can ask ourselves what of ole' OLLI?
AND WAS I RIGHT?!!! Yep. The record speaks for itself. You've had 2 winning stocks this entire thread. MRTX and PLTR, I've had 30. The children don't need to bored with my DD on stocks. They just listen, act ---- buy (or short)--- and win.
I think OLLI might be the winner for the last spot in the portfolio. 71.16-0.01(-0.01%) At close: 04:00PM EDT
Hey I missed when you explained to us what Marqeta did. Or even Flywire. Like you friggin understand those companies. :rolleyes" Oh btw.... I see your bottom call on Marqeta at $10 ... it's at $8.60 >>> -14%
Thursday Ollie's Bargain Outlet price target raised to $75 from $70 at Wells Fargo 07:55 OLLI Wells Fargo analyst Edward Kelly raised the firm's price target on Ollie's Bargain Outlet to $75 from $70 and keeps an Overweight rating on the shares. Ollie's Bargain Outlet seems to have become more of a consensus long following recent strong performance, but the analyst continues to see room for potential upside and remains bullish. His most recent analysis of the advertising flyer continues to support his positive thesis, as the company's solid 40-year celebration flyer builds on what looks to have been a good promotional quarter to date. I'll have to ask around about the wells analyst-- But one thing I look for are two moves in quick succession by an analyst/ bank/ firm Ollie's Bargain Outlet price target raised to $70 from $65 at Wells Fargo 06/13 OLLI Wells Fargo analyst Edward Kelly raised the firm's price target on Ollie's Bargain Outlet to $70 from $65 and keeps an Overweight rating on the shares after hosting management meetings and coming away incrementally upbeat on the brewing closeout opportunity and outlook from here. Management struck a particularly bullish tone in his calls and is clearly very optimistic about improving deal flow, benefit from trade down, stronger inventory positioning, and improved visibility around supply chain costs, Kelly adds. The company sounded confident on a trajectory to more normalized gross margin 2023, which should support much stronger flow through on what they expect to be a robust top-line environment, the analyst contends.
Here is the other side of the argument- Ollie's Bargain Outlet upgraded to Neutral from Sell at Goldman Sachs 06/27 OLLI Goldman Sachs analyst Kate McShane upgraded Ollie's Bargain Outlet to Neutral from Sell with a price target of $57, up from $37. The analyst expects the company will benefit from an increase in closeout opportunities related to the broader retail industry's current inventory position. Ollie's will see an increase in closeout opportunities in the back half of the year given that closeout deals can take between three and six months to flow through the channel, McShane tells investors in a research note.
5 day OLLI Chart Tues last week it was $64 I started tracking. Today it's $71 in a beautiful uptrend. Not happy about that and hoping for a chance to scoop this week on any pull in. Chart Events Bullishpattern detected Double Moving Average Crossover
We are not in a recession now. Europe falls first-- " we are the only game in town " " we are the best market " Then we go down. Europe will go into recession end of year. OLLI is a good name for a recession I think.