- Academy Sports and Outdoors remains a deep value opportunity.
- ASO has repeatedly beat on earnings and has very good free cash-flow relative to its market cap.
- The e-commerce business and omnichannel strategy is still maturing with an opportunity for the company to improve profitability.
- ASO has rewarded shareholders with a significant buyback program and dividend payments may not be far off.
- Management is managing capital conservatively with a primary focus on the balance sheet and growing strategically.
For further details see:
Academy Sports: Still Undervalued Headed Into Q3 Earnings