Big 5 Sporting Goods (BGFV) reported numbers after the market close on Tuesday, October 30th. Shares traded down sharply after hours, falling as much as 10% in response to financial results that were worse than anticipated and the significant reduction of the company’s quarterly dividend from $0.15 to $0.05 per share. After analyzing the quarter, I believe it is clear that Big 5 remains on its steady descent towards irrelevancy. Although shares currently trade below book value, I cannot recommend the stock at this time.
Q3 Results: Another Disappointment
Big 5