Hibbett Sports (HIBB) is a sporting goods retailer. It competes in small-town markets in the South and Midwest, and has carved out a nice niche that has led to consistent profitability despite the competitive threats that continue to gain strength in the retail business. I looked at Hibbett Sports in early January of 2016. I decided to pass mainly for three reasons:

Retail is generally a very...

 

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