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Alternative Investments for Sports Fans
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FBN’s Charles Payne on how sports fans can turn their passions into an investment.
- Duration 2:38
- Date May 21, 2012
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FBN’s Charles Payne on how sports fans can turn their passions into an investment.
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Sampras and make money would trounce pain now one of baby groups Jersey sold for four point four million dollars -- -- is weekend wow.
Just -- here talk about alternative investing in America's love of sports in -- the mother of eight at eleven year old to please -- -- -- Primaries in -- stock prices where it is right now have to -- Hello and I were no joking aside I know I -- -- -- -- one -- because -- yeah.
Every superstar he's pretty it's what it's nice slacks you know it's so funny because I thought the money he's saying he's pretty -- but it's -- it.
-- -- -- -- -- -- -- Exactly -- predator girls they'll appreciate that but I'll tell you something the deals alternative investments -- just absolutely remarkable this big and ought to that they have a debate through Jersey GAAP.
David Wells bought a Babe Ruth cap that was from 1934.
Think -- 1934.
You pay thirty -- for now adjusted for inflation that had will be worth 43000 notice sold for human 530 -- -- dollar all all 11100%.
Above inflation pick up any investment that has outperformed that had in the last great likelihood is that.
Amazing amazing so listen a lot of people -- -- probably want that have access about 30000 dollar cap.
But we can't take advantage of America's love affair but sports may be getting back in shape and you just mentioned -- Dick's Sporting Goods just couple weeks ago.
Real great tremendous earnings report.
-- -- -- -- like almost everything about this company did not performing their peers big time.
Very well run company great guidance I just I could it's -- -- to find anything really.
That I thought was really in a negative may be they're got they've got coordinated stores are gonna double that -- and -- -- I think at the very least he gets back to 5152.
Dollars a share.
Just -- I thought I was -- fifty represented revenue is from the actual equipment not but how can -- think that people are just buying more stuff more a year or more protective gear things like that.
And if you look at surveys in the sporting good stores they get like the highest ratings from Froogle equality panel understanding what you're doing you know -- go to these stores and the -- -- further -- they had the ability to open up playing with the wrong equipment into the.
I did that come out there well I don't know but a closer.
I just love -- -- deliberately added -- there you -- information I had.
Tonight link it would back -- -- but that wasn't good dominant move.
It's I.
Have a big group capped it at any price and we can't do that because some do I have to say thank.
I don't buy a basket one did not realise how complicated was gonna -- in lots of different allegedly found that human thing I don't think that that's your first time yeah fat.
That I have been ratified but where they got that I think that I was lost as we do.