- Entry
- $55.50
- Now
- $52.62 -5.2%
- Target
- —
- Score
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**TL;DR:** Last July I posted DD here on $CNC at $27.95 arguing a capitulation had mispriced a temporary problem as a permanent one. CNC is +134% since. Academy Sports + Outdoors ($ASO) is the same pattern in a different industry: down 31% from February on almost zero company news, trading at \~6.5x forward earnings, 12.7% of the float sold short (7.7M shares, \~5 days to cover), Three years of “negative comps” were COVID unwind, not customer loss — gross margin …
— ORIGINAL POST ·
$ASO DD: The Same Setup as My +134% $CNC Call Last Year — Academy Sports + Outdoors at 6.5x Before Sept 9 Earnings (Full Retail Sector Breakdown: DKS, WMT, TGT, DG, DLTR, ANF, ULTA)
· r/ValueInvesting
· Aug 28, 2026