Detroit Bear
Deep value, special situations, long-term horizon, value

Hibbett Sports: A Reasonably Priced Cannibal

Sporting goods, athletic apparel, and athletic footwear are some of my favorite categories to write about. The sector isn't necessarily full of great investments at the moment; however, there are several changing dynamics that makes the industry so fascinating.

In previous features, I've dug into Big 5 (NASDAQ:BGFV), Finish Line (NASDAQ:FINL), and Dick's Sporting Goods (NYSE:DKS). Now, let's take a look at a fairly reasonably priced cannibal by the name of Hibbett Sports (NASDAQ:HIBB).

Background of Hibbett

Bricks & Mortar

Similar to Big 5, Hibbett Sports is a regional chain, mostly located in the Southeastern part of the United States. The company has a very strong presence in its home state of...

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