The Sporting Goods Space Takes it in the Groin ($DKS)

Short Bricks, D*cks and Mortar

In “The Fallacy of "There Must be One" Theory,” we questioned whether Dick’s Sporting Goods Inc. ($DKS) has a reason to exist. The stock was trading at $34.92/share at that point and has largely been on the slow-roll rise ever since, reaching as high as $39.38/share in late February. It reported earnings on Tuesday and, suf…