Golf Galaxy, Inc. (GGXY
) reports increasing
net income. But compared to last year's comparable quarter, same store sales are off dramatically, barely registering a fractional increase of less than 1%
Additionally, the company's cash position has dropped dramatically in what you would expect to have been their best golf quarter seasonally.
Last but not least, the inventory position is up a dramatic 50%. This is a caveat emptor moment.
GGXY 1-yr chart:
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