Of Arms and the Law

Navigation
About Me
Contact Me
Archives
XML Feed
Home


Law Review Articles
Firearm Owner's Protection Act
Armed Citizens, Citizen Armies
2nd Amendment & Historiography
The Lecture Notes of St. George Tucker
Original Popular Understanding of the 14th Amendment
Originalism and its Tools


2nd Amendment Discussions

1982 Senate Judiciary Comm. Report
2004 Dept of Justice Report
US v. Emerson (5th Cir. 2001)

Click here to join the NRA (or renew your membership) online! Special discount: annual membership $25 (reg. $35) for a great magazine and benefits.

Recommended Websites
Ammo.com, deals on ammunition
Scopesfield: rifle scope guide
Ohioans for Concealed Carry
Clean Up ATF (heartburn for headquarters)
Concealed Carry Today
Knives Infinity, blades of all types
Buckeye Firearms Association
NFA Owners' Association
Leatherman Multi-tools And Knives
The Nuge Board
Dave Kopel
Steve Halbrook
Gunblog community
Dave Hardy
Bardwell's NFA Page
2nd Amendment Documentary
Clayton Cramer
Constitutional Classics
Law Reviews
NRA news online
Sporting Outdoors blog
Blogroll
Instapundit
Upland Feathers
Instapunk
Volokh Conspiracy
Alphecca
Gun Rights
Gun Trust Lawyer NFA blog
The Big Bore Chronicles
Good for the Country
Knife Rights.org
Geeks with Guns
Hugh Hewitt
How Appealing
Moorewatch
Moorelies
The Price of Liberty
Search
Email Subscription
Enter your email address:

Delivered by FeedBurner

 

Credits
Powered by Movable Type 6.8.7
Site Design by Sekimori

« Joyce Malcolm's new paper | Main | That's got to hurt! »

Get woke, go broke

Posted by David Hardy · 21 October 2019 08:23 PM

Dick's Sporting CEO estimates the company lost a quarter BILLION dollars over its antigun position, but still feels it was the right thing to do. I wonder if his shareholders agree?

7 Comments | Leave a comment

Old Giy | October 22, 2019 7:45 AM | Reply

It would be interesting to see if any shareholder action has been filed.

Flight-ER-Doc | October 22, 2019 8:27 AM | Reply

Indeed. How is it that the SEC has not investigated this deliberate deprecation of shareholder value?

Anonymous | October 22, 2019 8:33 AM | Reply

The trouble with a stockholder of Dick's trying to sue over this deliberate vaporization of shareholder value is twofold. First, the stockholder needs a lawyer, and if you think lawyers as a breed tend commie and hoplophobe (our distinguished host excepted, of course), the stockholder plaintiff's bar has that tendency in spades. Their mercenary greed may overcome this, but the second problem is that the obvious line of defense is that destroying all those Evil Black Rifles isn't corporate waste, we did it for public safety and for Teh Children, it's no different than cutting a big check to the Southern Poverty Law Center or Illegal Mayors Against Americans.

Michael Murray | October 22, 2019 8:04 PM | Reply

The CEO should change his name to Ben Dover.

Tom | October 24, 2019 1:40 PM | Reply

The message to similar companies is clear: don't be Dick's.

dad29 | October 24, 2019 7:51 PM | Reply

It would be interesting to know how Dick's "lost" $250 million dollars. His total revenue rose from 7.4Bn to 8.2Bn from YE '16 through YE '19. Net income (pre-tax) bumped along but did drop from $330MM to $310MM (same periods.)

Perhaps his sales did not increase as fast as he thought they would, but his net pre-tax would not necessarily have increased by $250MM in that 4 years, as his interest expense took a big jump during that period.

So what was the basis for his "We lost" comment??

Stack has rumbled about getting into the Presidential race; I suggest that he's exaggerating his "losses" to build sympathy.

See financials here: https://finance.yahoo.com/quote/DKS/financials

docmerlin | October 31, 2019 7:59 PM | Reply

He's the majority stock holder, iirc...

Leave a comment