Everyone loves it when a retailer puts on a great sale. Investors should feel the same way, but alas they rarely do. Investors love stocks that are going out, which is a shame because it probably means the stock is overvalued. In contrast, they hate stocks that are going down which is a shame because it can represent great merchandise on sale. Dick’s Sporting Goods’ Stock has gone on sale.
Disclosure: No position at the time of writing.
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