Richard Stone
Forzani Group
FGL-T
BUY
Oct 29, 2003
Has weathered national problems very well. As dealt with its inventory issues. Solid management. The dominant box store player for sporting goods in Canada. Should have increasing same-store sales.
Had a real good strategy for a while, but failed to execute. Getting tremendous competition on the low end of the market from the Wal Marts of the world which is eating up their margins.
Reported some very interesting numbers. Showing some strength in their overall operations. Some takeover talks are circling around them. Some analysts are looking for the high $20's.
Just acquired a competitor that was facing bankruptcy. Stock has come down substantially from its recent high. This is the first time that they've had a very good winter across the country.