ASO - Academy Sports and Outdoors: A Complete Reset Presents An Opportunity
2024-06-11 12:18:19 ET
Summary
- Academy Sports and Outdoors, Inc. stock is down after a mixed earnings report, but is considered a trader's stock with potential for growth.
- The company plans to expand its store base by 30% in the next few years, despite weak Q1 performance and consumer pressures.
- While the short-term outlook is murky, long-term prospects for Academy Sports and Outdoors, Inc. are positive, with a healthy balance sheet and growth potential.
- Academy Sports and Outdoors is a trader's stock.
Academy Sports and Outdoors, Inc. ( ASO ) is down after its just-reported Q1 earnings . The report was mixed, all things considered. That said, this is a trader's stock. Just today we were asked about it in our investing group, and we reviewed the situation again. Our last buy call came in the 40s in November 2023. We believe the stock has retraced sufficiently to consider buying again....
Academy Sports and Outdoors: A Complete Reset Presents An Opportunity