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Big 5 Sporting Goods:
Competition Waning
http://bit.ly/SportingGoodsMonitor
Forward View is reiterating our Hold rating on Big 5 Sporting Goods
(NASDAQ: BGFV). Our target price is being raised to $11 per share.
We do suggest that income-oriented investors consider this stock.
Why?
Click here to access the full Big 5 Sporting Goods research report.
One-Year Stock Price Chart
Big 5 Sporting Goods:
Competition Waning
Big 5 Sporting
Goods | BGFV
August 3, 2016
Nathan Yates, M.S.F.
Director of Research
nathan@forwardviewconsulting.com
Earnings Estimates & Valuation
3
Disclaimers & Disclosures
Analyst Certification: I, Nathan Yates, certify that the views expressed in this publication accurately reflect my personal views about
the subject companies and their securities. I also certify that I have not, am not, and will not be compensated directly or indirectly in
exchange for expressing any specific recommendation in this report.
Required Disclosures: Nathan Yates may or may not own long or short positions in securities mentioned in this report. As a matter of
principal and ethics, he will not trade for three days in any security to be mentioned in any report. Occasionally, the time gap between
a personal trade and an unanticipated event may be less. There is no known affiliate ownership in subject companies of this report.
The firm does seek to sell research descriptions to publication corporations. No other known conflicts exist.
Important Disclosures: Forward View Consulting employs various equity valuation methodologies to develop investment ratings,
target prices and conclusions. Certain risks to our ratings, target prices and ultimate investment conclusions exist which include,
without limitation, a company’s failure to achieve financial results, product risk, regulatory risk, general market conditions and
volatility, interest rates, political factors, acts of God, terrorist activities and changing economic conditions. Forward View Consulting
is not a registered investment advisor and is not acting as a broker-dealer under any federal or state securities laws. Notable
compliance policies include (1) prohibition of insider trading or the facilitation thereof, (2) maintaining client confidentiality (3)
appropriate use of electronic communications, amongst other compliance-related policies.
Disclaimer: Material provided in this publication is for educational purposes only, and was prepared from sources and data believed
to be reliable, but we do not guarantee its accuracy or completeness. We cannot and do not guarantee the adequacy, accuracy or
completeness of this information or the suitability or profitability of any particular investment. This publication does not consider the
specific investment objectives, financial situation, or particular needs of any specific person or business, or any investment laws and
regulations, regulatory capital requirements, or other restriction applicable to investments by certain institutional investors.
Accordingly, you are responsible for your own investment research and decisions, and should seek the advice of a qualified fiduciary,
and perform your own due diligence before investing. You should also consult your own legal advisor in determining the legality and
consequences to you of the purchase, ownership, or sale of any investments. No information in this or any of our publications is
intended as tax, accounting, or legal advice, as an offer or solicitation of an offer to sell or buy, or as a sponsorship of any company,
security or fund. Past performance does not indicate or guarantee future performance and no representation or warranty is made
regarding future performance. This publication reflects a judgment at its original date of publication by Forward View Consulting and
is subject to change without notice. The price, value, and income from any securities or instruments mentioned in this report can fall
as well as rise as a result of a host of factors including, but not limited to, economic, financial, and political factors, interest rates,
stock market volatility, commodity price and exchange rate movements, weather, regulatory changes, changes in credit quality, acts of
God, or terrorist activities.
This file is not for redistribution.
Recommendation Expected Return
Buy Shares are expected to deliver alpha
Hold Shares are expected to match the market's risk-adjusted return
Sell Shares are expected to underperform the market

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Big 5 Sporting Goods Competition Waning

  • 1. Big 5 Sporting Goods: Competition Waning http://bit.ly/SportingGoodsMonitor
  • 2. Forward View is reiterating our Hold rating on Big 5 Sporting Goods (NASDAQ: BGFV). Our target price is being raised to $11 per share. We do suggest that income-oriented investors consider this stock. Why? Click here to access the full Big 5 Sporting Goods research report. One-Year Stock Price Chart Big 5 Sporting Goods: Competition Waning Big 5 Sporting Goods | BGFV August 3, 2016 Nathan Yates, M.S.F. Director of Research nathan@forwardviewconsulting.com
  • 4. 3 Disclaimers & Disclosures Analyst Certification: I, Nathan Yates, certify that the views expressed in this publication accurately reflect my personal views about the subject companies and their securities. I also certify that I have not, am not, and will not be compensated directly or indirectly in exchange for expressing any specific recommendation in this report. Required Disclosures: Nathan Yates may or may not own long or short positions in securities mentioned in this report. As a matter of principal and ethics, he will not trade for three days in any security to be mentioned in any report. Occasionally, the time gap between a personal trade and an unanticipated event may be less. There is no known affiliate ownership in subject companies of this report. The firm does seek to sell research descriptions to publication corporations. No other known conflicts exist. Important Disclosures: Forward View Consulting employs various equity valuation methodologies to develop investment ratings, target prices and conclusions. Certain risks to our ratings, target prices and ultimate investment conclusions exist which include, without limitation, a company’s failure to achieve financial results, product risk, regulatory risk, general market conditions and volatility, interest rates, political factors, acts of God, terrorist activities and changing economic conditions. Forward View Consulting is not a registered investment advisor and is not acting as a broker-dealer under any federal or state securities laws. Notable compliance policies include (1) prohibition of insider trading or the facilitation thereof, (2) maintaining client confidentiality (3) appropriate use of electronic communications, amongst other compliance-related policies. Disclaimer: Material provided in this publication is for educational purposes only, and was prepared from sources and data believed to be reliable, but we do not guarantee its accuracy or completeness. We cannot and do not guarantee the adequacy, accuracy or completeness of this information or the suitability or profitability of any particular investment. This publication does not consider the specific investment objectives, financial situation, or particular needs of any specific person or business, or any investment laws and regulations, regulatory capital requirements, or other restriction applicable to investments by certain institutional investors. Accordingly, you are responsible for your own investment research and decisions, and should seek the advice of a qualified fiduciary, and perform your own due diligence before investing. You should also consult your own legal advisor in determining the legality and consequences to you of the purchase, ownership, or sale of any investments. No information in this or any of our publications is intended as tax, accounting, or legal advice, as an offer or solicitation of an offer to sell or buy, or as a sponsorship of any company, security or fund. Past performance does not indicate or guarantee future performance and no representation or warranty is made regarding future performance. This publication reflects a judgment at its original date of publication by Forward View Consulting and is subject to change without notice. The price, value, and income from any securities or instruments mentioned in this report can fall as well as rise as a result of a host of factors including, but not limited to, economic, financial, and political factors, interest rates, stock market volatility, commodity price and exchange rate movements, weather, regulatory changes, changes in credit quality, acts of God, or terrorist activities. This file is not for redistribution. Recommendation Expected Return Buy Shares are expected to deliver alpha Hold Shares are expected to match the market's risk-adjusted return Sell Shares are expected to underperform the market