Outdoor related stocks

[setterguy]

The way they say Social Security is going, I figure I better not plan on anyone else funding my trips to Canada when I'm retired.

Does anyone have some first-hand knowledge of outdoor related stocks that have performed well for you? I'm not looking for any hot tips, just general info on companies that you or someone you know might have some $$$ invested in. I figure as long as I'm spending so much on this stuff anyway, I might as well try and get a piece of the profit too. Only 36 more years........

[dockehr]

setterguy, check out Dick's Sporting Goods. Jim Cramer ( of Kudlow and Cramer tv program) has had some good things to say about the company in the past. By the way, I'm a setter man myself. Check out the back covers of "Wingshooter's Guide to Minnesota" and Wingshooter's Guide to Wisconsin".

dockehr

Dr. Roland E. Kehr, Jr.

Lindy Tackle

[nthomps66]

I'm starting a company that makes mobiles out of used Rapalas. Should be a gold mine. Email me for PO Box to send your check to.

[Guest]

I suppose you want people to send there old rapalas too?

[nthomps66]

That would certainly help get things rolling Skindog. I'll need something to build with Setterguy's money.

I've also got a bassfishing mobile in the design-development phase. I'll accept any donated baitcasting rods too- preferrably IM7, 7', medium-heavy with the tags on it.

[leechlake]

Setterguy, When Cabelas went public I was watching intently. I haven't bought any but I always was so happy with their service (as opposed to some other companies). First ring, answer the phone impressed me, the excitment around their new retail stores etc. Since there are thousands of companies to invest in I make sure my personal biases don't cloud my judgement on a good investment. I look at the Cabelas catalogs all year long, buy a good chunk of gear from them, but is it a good investment, if I could look at it objectively. The price is a bit high compared to other retailers, Target (TGT) for example, it is after all a retailer. It's a retailer I really like though. As much as I love Cabelas my wife buys 10-20 times more merchandise at Target than I do at Cabelas. My long winded point is to make sure you're not just investing in what you like. That said Cabelas, Dick's (formerly Galyans), what about companies that make boats, Polaris, Arctic Cat, camping equipment etc. Polaris has been fantastic the past few years, two of my neighbors work there and they seem to have a great young management team that is doing things right, they scrapped water toys and have developed a great ATV product line that has almost carried the company. Just some thoughts.

[nthomps66]

Seriously though, I heard Morgan and Merryl know a thing or two about the stock market. Why don’t you give them a call? Or I guess there's a chance you always call the doctor to get your oil changed?

[texas joe]

Ya know setterguy, there are not many "blue chippers" in the outdoor related stocks. I keep hoping for an outdoor Spider that could be traded on wall street but it ain't happening. There is a minnow company down here near Owatonna called Fisheads and this guy is talking about going public with a stock sale. I'll get some more info and post it. "Best Rainbow Minnows in the State" That's his tag line.

[texas joe]

Howdy again Setterman, another great investment idea might be to throw some money into one of the beer companies. whether I'm chasing grouse, bow huntin white tails, or tracking lunkers I'm never far from an ice cold beer. I've always got a cooler with me, usually of High Life or Coors Original. Just an idea, I'll keep the stock price up for ya with my 48 per weekend. Ice cold beer and the outdoors a combo made in heaven.

[walleyehawk]

Stick you money in a mutual fund. For investing, diversity is critical, and putting alot of money in one stock is just looking for trouble. Gander Mountain went public recently and the stock is struggling.

Today you have to watch stocks closely. And I would rather have professionals manage my money rather than lose fishing time doing the groundwork!

Remember, don't mix business with pleasure!

[gspman]

I agree with WalleyeHawk. Start with mutual funds. Pick a few and make sure to contribute to them on a regular basis. By contributing regularly, you buy more and cost average down when the price goes down and buy less when the price goes up. It's kind of a long term buy and hold strategy. There are many investing philosophies but one that seems to work and is understandable to a schmuck like me is talked about in a book called "Simple wealth, inevitable wealth" by Nick Murray. Give it a read and see what you think.

Like walleyehawk said, diversity is good, and it makes things a little safer and as far as ground work goes, even if you could do the ground work you'd still have a lot less info to go on as compared to a good knowledgeable investment advisor.

[fishin789]

if the company you work for has a 401k plan that matches a percentage of what you put in that would a good start.If your company matches like the first 7% then right off the bat you make 100% return on the first 7% of your money.Plus it is put in before taxes are withheld so you lower your tax base.

[setterguy]

Thanks for the tips guys, its funny Target was mentioned. That is who my wife works for and where a majority of our $$$s are allocated. We have already invested in Mutual Funds through my wifes 401 and my personal IRA. I am always looking at what businesses I support and then research how they look to me as an investment, Home Depot, Exxon, are getting a lot of my money anyway ya know....I looked at Cabelas and Dick's, how about some smaller companies like LL Bean, Danner, Shimano ect. Thanks for the input guys. And to nthomps66, remember I know where you live.

Dr. Kehr- I think we have met once before. I own the book, its always in the truck...could it have been at a RGS meeting? Or maybe at the big-wig hunt in Grand Rapids, (I wasn't hunting, I was guiding)?

[hitthebricks]

Check out Sportsman Guide. A buddy was telling me to buy at $7, it's now at $25, the pro's are saying it will go to $35. I bought at $12 and sold at $10. Go figure. HTB

[nthomps66]

Setterguy,

I know you love doing all sorts of arts and crafts around the house when you're not out on lakes or in the woods. Maybe get into some Martha Stewart Living stock. She's out of the slammer now and full of fresh, new ideas to warm up your home.

P.S. My wife still loves the dried floral centerpiece arrangement you made for us.

[setterguy]

Strangely enough Martha Stewart and the WWE went public on the same day and we bought some of each. Both went in the crapper.

[dockehr]

setterguy,well let's see: I guided grouse and woodcock hunters for several years for Steve Grossman of Little Moran Game Farm and aided him one year at the RGS National Hunt in Grand Rapids, co-chaired the Brainerd RGS banquet for ten years with Mark Haglin,attend the Deep Portage Chapter RGS banquets, and promoted our books with my co-author, Mickey Johnson, at Cabelas and Game Fair. Whew! That's a number of events where our paths could have crossed. At one time we had four English setters and now down to two. Got back into ice fishing two years ago. And, before anyone asks, Lindy Tackle is privately held and its stock is not for sale.

dockehr

Dr. Roland E. Kehr, Jr.

Lindy Tackle