Dick's Sporting Goods (NYSE: DKS), the largest full-line sporting goods retailer in the world, announced Thursday the highest decrease of shares in 52 weeks.
The company's stock went down $5.24, or 19.7 percent, to $21.30 during midday trading, after earlier trading to a 52-week low of $21.20. The stock has traded between $23.81 and $36.77 during the past 52 weeks.
The fall occurred as a result of failed first-quarter expectations and lowered fiscal-year forecast.
Weak sales decreased first-quarter profit of the Findlay Township - based company by 4 percent.
In addition the current economic environment makes Dick’s cautious about further predictions for the remainder of the year.
Dick's Sporting Goods has locations in thirty-four states with 345 stores.
When General Wesley Clark spoke about the famous list of seven Middle Eastern countries to be demolished in five consecutive years, he has done nothing but remark, for the last time, if there was any need, Washington's willingness to redesign the Middle East within a more general framework of global domination.