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Started By
Message
re: Dick's Sporting Goods Is Destroying Its Unsold Assault-Style Rifles
Posted on 4/18/18 at 3:10 pm to TheCaterpillar
Posted on 4/18/18 at 3:10 pm to TheCaterpillar
quote:
Let the free market play out. If a bar doesn't want to sell alcohol to anyone under 45 years old, let them.
Agreed. It's only legislation that prohibits 18-20 year olds from purchasing firearms that can be reasonably challenged.
This post was edited on 4/18/18 at 3:11 pm
0
Posted on 4/18/18 at 3:13 pm to Snipe
Posted on 4/18/18 at 3:17 pm to upgrayedd
Yep, and couple it with an insurance claim.
Dicks: "Inventory was destroyed and lost by a natural disaster."
Insurance Adjuster: "What natural disaster, sir?"
Dick's: "Political climate change"
Dicks: "Inventory was destroyed and lost by a natural disaster."
Insurance Adjuster: "What natural disaster, sir?"
Dick's: "Political climate change"
Posted on 4/18/18 at 3:17 pm to DirtyMikeandtheBoys
quote:
That's going to be a nice tax write off for them for FY2018, may even counterbalance the stock price drop from the negative press.
Doesn't work that way. Destroying inventory because you can't or won't sell the items is not a write-off.
Bottom line earning will take the hit of loss inventory, transportation costs, destruction fee, and so on.
Would have been easier just to sell the inventory to another vendor.
Posted on 4/18/18 at 3:22 pm to DirtyMikeandtheBoys
quote:
may even counterbalance the stock price drop from the negative press.
To about half the country, this is positive press.
Posted on 4/18/18 at 3:24 pm to LSUBoo
So their shares are not down 50% over the last 12 months?
Posted on 4/18/18 at 3:26 pm to DirtyMikeandtheBoys
frick if I know... but in the article it said "But the company’s stock price has remained relatively unchanged since February" so if they are it has nothing to do with this decision.
Posted on 4/18/18 at 3:29 pm to Mingo Was His NameO
It’s not a government controlled entity so in this context, it is a private business.
Posted on 4/18/18 at 3:29 pm to BowDownToLSU
good for Dicks
assault style machine guns are bad for the environment
assault style machine guns are bad for the environment
Posted on 4/18/18 at 3:32 pm to cas4t
quote:you should really leave the trolling to el gaucho.
assault style machine guns are bad for the environment
Posted on 4/18/18 at 3:37 pm to iAmBatman
quote:
It’s not a government controlled entity so in this context, it is a private business.
Not really by being an SEC refgistrant they have a duty to investors. They can't be negligent, and destroying inventory that goes directly down to equity and affects shareholders could be seen as that by some.
Posted on 4/18/18 at 3:38 pm to BowDownToLSU
Baws shop at Dicks. This is a very anti-baw move. Not smart
Posted on 4/18/18 at 3:39 pm to BowDownToLSU
So fricking brave.
Posted on 4/18/18 at 3:40 pm to rpr4695
quote:
They are getting sued for this, and they are going to lose.
How?
It's not discriminatory. 18-21 year olds aren't a protected class.
Posted on 4/18/18 at 3:43 pm to DirtyMikeandtheBoys
quote:
So their shares are not down 50% over the last 12 months?
And? It's flat since their announcement to ban the sale of "assault-style" weapons. Are you trying to suggest their terrible 2017 is because of Parkland?
Posted on 4/18/18 at 3:46 pm to BowDownToLSU
They’re retards, but it’s their right.
Posted on 4/18/18 at 3:46 pm to slackster
quote:
It's not discriminatory. 18-21 year olds aren't a protected class.
In around 19 states, they are in public accommodations like retail stores. I don't agree with those laws in the first place, because businesses should be able to deny who they want to sell anything to. But this is the left's snake they released that's coming out to bite them.
NCSL Laws
Posted on 4/18/18 at 3:53 pm to TheCaterpillar
I get what they are going for, obviously destroying a frick load of expensive product is a PR play. It just doesn't make sense why a sporting/outdoors store feels the need to impress the anti trump crowds. It's not like they were hurting for business that would cater to that side
Posted on 4/18/18 at 3:56 pm to bigrob385series
quote:
you should really leave the trolling to el gaucho.
not sure what a steakhouse has to do with this but mental note taken
Posted on 4/18/18 at 4:03 pm to rpr4695
quote:
In around 19 states, they are in public accommodations like retail stores. I don't agree with those laws in the first place, because businesses should be able to deny who they want to sell anything to. But this is the left's snake they released that's coming out to bite them.
I know age discrimination is a thing, but I though it was like 50+ or something.
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