Dicks is a shareholder owned company. It’s stock is openly traded to anyone. It most definitely not a private (stock is owne privately) company. As a publicly traded company, it must behave in the best interests of the shareholders or it can be sued and ....
They have failed. It wasn’t just a bad decision on management styles. They intentionally, not just once but 3 time. Heaven forbid if some gets killed with a golf club. They will have nothing to sell.
Private as in not government owned. They don’t have the same Constitutional limitations the Government does and can thus sell or not sell whatever they want.
True, they answer to the shareholders, but not to the people. That’s a critical difference.
I believe the people are speaking. It’s up to the shareholders and Board of Directors to choose whether to listen or to commit corporate suicide.
Published: Nov 29, 2018
Tomi Kilgore
Shares of Dick’s Sporting Goods Inc. DKS, +1.29% took a 7.9% dive in morning trade Thursday, wiping out the previous session’s gains following an upbeat earnings report, after J.P. Morgan analyst Christopher Horvers backed away from his year-long bullish stance given a “more uncertain earnings outlook.”