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| Lawyers, Guns and Money  |
I think they do. They have already pissed off and driven away those of us who are gun owners and pay attention to gun issues. I think they must think they can virtue signal the anti-gun folks to shop more at their store. I don't think it's smart, because I'd rather have more customers, and wouldn't want to piss off half of my potential customer base. But they already have. So... they double-down. "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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Member |
Would the SF BrainsTrust help with my questions: First, a preamble to the question: " ... Dick's will be destroying all unsold firearms ... the rifles (oh, so not all firearms?) will be demolished at distribution centers and then delivered to a salvage company to be recycled. It was not immediately clear how many firearms will be destroyed ..." Q1: The distribution centers and salvage company, are these ... in Chicago? Q2: Dick's 'destroys' the inventory, claims on insurance, to repay the merchants or clear the accounts payable? Q3: Surely they won't take a loss from the destruction? Q4: Okay, but what will really happen? The only Dick's I visit, is a Seattle hamburger drive-in on NE 30th ... We are all born ignorant, but one must work hard to remain stupid." ~ Benjamin Franklin. "If anyone in this country doesn't minimise their tax, they want their head read, because as a government, you are not spending it that well, that we should be donating extra...: Kerry Packer SIGForum: the island of reality in an ocean of diarrhoea. | |||
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| Page late and a dollar short |
From smallbusiness.chron.com on Disposal of Inventory: If you've overstocked your shelves and you can't get rid of your inventory, there are ways to dispose of it and claim a tax loss. You can sell it to a company that specializes in handling obsolete or overstocked merchandise. You can donate the inventory to charity and claim a write-off that way, or you can simply destroy it. The IRS may scrutinize your claims carefully, so make sure that you have records to prove your case. If you destroy your stock, for example, "before" and "after" photos might come in handy. You can bet that their accounting department will deduct this from their taxes. -------------------------------------—————— ————————--Ignorance is a powerful tool if applied at the right time, even, usually, surpassing knowledge(E.J.Potter, A.K.A. The Michigan Madman) | |||
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Member |
If Dick's is allowed to willfully DESTROY their inventory and then claim it as an insurance loss, then what keeps me from insuring my entire humidor and claiming loss due to fire whenever I smoke a cigar?? Yeah, I know...been tried and claimant was found guilty of willful arson. Still, though...an insurance company wouldn't POSSIBLY agree to a settlement, would it? But stranger things have happened.....  "If you’re a leader, you lead the way. Not just on the easy ones; you take the tough ones too…” – MAJ Richard D. Winters (1918-2011), E Company, 2nd Battalion, 506th Parachute Infantry Regiment, 101st Airborne "Woe to those who call evil good, and good evil... Therefore, as tongues of fire lick up straw and as dry grass sinks down in the flames, so their roots will decay and their flowers blow away like dust; for they have rejected the law of the Lord Almighty and spurned the word of the Holy One of Israel." - Isaiah 5:20,24 | |||
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| Lawyers, Guns and Money |
The stock is down about 10% since April 12 Dick's Sporting Goods, Inc. (DKS) @ $31.50 "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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| Lawyers, Guns and Money |
 "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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Texas Proud |
The Dick's are really showing their true colors now. They've taken steps to hire multiple lobbyist to push gun control. The Federalist NRA Life Patron | |||
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Drill Here, Drill Now |
NRA-ILA on FB phrased it best today, “When you thought they couldn’t live up to their name any more, Dick’s is now officially lobbying Congress for gun control” Ego is the anesthesia that deadens the pain of stupidity DISCLAIMER: These are the author's own personal views and do not represent the views of the author's employer. | |||
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Info Guru |
At least the ones who tried to defend them by saying that they were just making a business decision and not taking sides are exposed now. They are proactively lobbying Congress, let's hear the spin on that. If you spend a dollar there, you are actively aiding the anti-gun coalition. It's black and white now. “Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence.” - John Adams | |||
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| Knows too little about too much  |
We need to "discover" those corporations, organizations, politicians, banks, etc. putting pressure on gun/ammo manufacturers and expose them in the worst way. Their actions are anti-Constitutional and we need to make our case loudly in the media, social media, shareholder meetings, etc. If they manufacture products, we can boycott them and make certain that we get attention to the reason for the boycott. We can sit on our asses and watch our rights disappear or we can get busy and defend them. RMD TL Davis: “The Second Amendment is special, not because it protects guns, but because its violation signals a government with the intention to oppress its people…” Remember: After the first one, the rest are free. | |||
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| Shit don't mean shit |
If I was a stockholder I'd be pissed at what they are doing. The BOD and its officers have a fiduciary responsibility to the owners (shareholders). Purposely destroying inventory? Even if they get a tax write off they are still taking a loss (1 minus their tax rate). The actions seem ripe for a class action lawsuit. They are not doing what is in the best interest of the owners. | |||
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| Drill Here, Drill Now |
The lobbying is a CYA move for the executives. If they get Congress to force others to do what they voluntarily did they can say “see, we were out in front of it and bettter positioned” The fundamental flaw in their “logic” is they could hire 535 lobbyists and they still wouldn’t get a bill passed Ego is the anesthesia that deadens the pain of stupidity DISCLAIMER: These are the author's own personal views and do not represent the views of the author's employer. | |||
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| Lawyers, Guns and Money |
I can't shop there any less... because I already stopped. But... I can share this info with everyone on my contact list. "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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Member |
NSSF just booted them...of course, I didn't even realize they were a NSSF member.
https://www.nssf.org/nssf-expe...s%20Sporting%20Goods ...let him who has no sword sell his robe and buy one. Luke 22:35-36 NAV "Behold, I send you out as sheep in the midst of wolves; so be shrewd as serpents and innocent as doves." Matthew 10:16 NASV | |||
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| Texas Proud |
Awesome! Good move. NRA Life Patron | |||
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| Member |
More details here: http://www.chicagotribune.com/...-20180504-story.html Dick's Sporting Goods ramps up gun control push, hires lobbyist by Polly Mosendz and Matt Townsend Bloomberg May 4, 20128 8:54 AM Dick's Sporting Goods is taking a further step to advocate for gun control, part of a rapid transition for the retailer that's also a major vendor of firearms in the U.S. The company has retained Glover Park Group to lobby congress on the matter, according to a disclosure form filed in late April. The move is unusual in the retail sector, where few brands tackle such politically charged issues for fear it will turn off customers. Following a mass shooting at a Parkland, Florida high school in February, Dick's announced it would stop selling assault-style rifles and high-capacity magazines. It also increased the firearms purchase age to 21. Dick's, the biggest sporting-goods retailer in the U.S., was one of many brands to eschew the gun industry following the shooting. Walmart, Kroger, L.L. Bean and Orvis all made changes to their firearms offerings. Other companies severed ties with the National Rifle Association as a result of nationwide protests that followed the Parkland attack. Chief Executive Officer Edward Stack said at the time that while the company supports second-amendment rights, "we have to help solve the problem that's in front of us. Gun violence is an epidemic that's taking the lives of too many people, including the brightest hope for the future of America--our kids." The sporting-goods retailer is working with three lobbyists from the Glover Park, a legislative and public affairs firm, who have worked with both Democrats and Republicans. The disclosure form listed the lobbyists as John Johnson, who worked for former President Bill Clinton, Andrew King, who previously worked for Republican Senator Lindsey Graham, and Christina Brown, who worked with Democratic Senator Bob Casey. A spokesman for Dick's declined to comment. Glover Park didn't respond to requests for comment. After changing the company's stance on guns, Stack vowed to be become an advocate and visited Washington in March to meet with members of Congress. That included being hosted by Senator Dianne Feinstein, a California Democrat who has been a gun-control advocate for decades. Stack's push on gun control comes as the business his father founded faces difficulties. The stock has fallen about 38 percent in the past 12 months as the retailer faces increasing competition from Amazon.com Inc. and suppliers, such as Nike Inc., that are generating more revenue through their own stores and websites. Ending the sales of some guns will also hurt revenue. The hiring of Glover Park Group by Dick's was reported earlier by The Federalist. | |||
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Glorious SPAM! |
They should change their name from "Dick's Sporting Goods" to "Dick's Feminine Products" because it seems they only cater to pussies now. | |||
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Nullus Anxietas |
So, just for S&G's, I took a look at Dick's stock prices, compared to the approximate dates on which they've made their three recent virtue-signalling moves (±1 day). I think perhaps their next stock holder's meeting might be real interesting.  "America is at that awkward stage. It's too late to work within the system,,,, but too early to shoot the bastards." -- Claire Wolfe "If we let things terrify us, life will not be worth living." -- Seneca the Younger, Roman Stoic philosopher | |||
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| No ethanol! |
Who has majority control of Dick's? A few years back I heard they took on fresh money to expand and go eCommerce. Were they acquired by one of the holding companies beholding to one of our liberal elites? Anyone know? ------------------ The plural of anecdote is not data. -Frank Kotsonis | |||
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| Member |
It's publicly traded on the NYSE. If you look up ownership, the big shareholders are Blackrock and Vanguard. | |||
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