Pitch: Athletic fashion retailer at a low valuation. A beneficiary of the recent Nike strategy to rationalize distribution partner network (i.e. cutting out third-tier partners). Potential short squeeze candidate.
Valuation: HIBB trades at 4x TTM EPS of $11.2. Guidance for fiscal 2023 is EPS=$10. Haircutting the guidance by 20% and using 7-8x multiple results in $60/share price target.
Exp. gain: 30%
Full HIBB write-up (free guest account required):
https://www.valueinvestorsclub.com/idea/HIBBETT_INC/2247908973