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So I stopped at Dicks this morning ....


Deerthug
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on my way to the office to pick up a few things for this coming Spring Turkey season.

Got some premethrin spray for ticks, a box of 12ga shells and some burlap leaf blind. At the register the girl rings up the shells and then asks me to verify on the keypad doohickie if I'm an American Citizen. Of course I tapped yes and paid cash. So I was wondering how the hell is this supposed to regulate ammo and who buys it? I could have been a terrorist in a suit and marked yes. I was also expecting to have to fill in some personal information which did not happen.

Dumba$$ laws.

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It's all about risk and compliance. Risk is what the company is willing to gamble. Compliance is what we call the "sales prevention team" where I work. They make requirements to fall in line with regulatory and law changes. While it is a very intelligent job and pays well as a career, you can walk into any Compliance department of any major company and the people will all look eerily the same...as if they were cast in the Walking Dead.

 

DKS is not very risk tolerant historically from all fronts. They have very calculated policies, including geographical expansion and acquisition practices. Slow and steady is the name of the game for DKS. Very strongly controlled from the corporate level, which as a publicly traded company, acts more like a privately owned one because of the owning family still controlling the majority stake (Stack family). One Ed Stack dies, there will be problems there as there is no real succession plan in place. So much so, they list it as a business risk in their annual filings to the SEC. Ed Stack is the hammer in that company...not the stockholders. The company has huge upside, but this one area is a major concern. Ed Stack is so controlling he doesn't even allow succession planning to take place - at least publicly shared.

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