Sport Supply Group Comments on Recent Share Volatility
DALLAS–(BUSINESS WIRE)–Sport Supply Group, Inc. (AMEX: RBI) today stated that its normal policy is not to comment on unusual market activity and that it is not aware of any reason for Friday’s higher than average trading volume and stock price decline.
Adam Blumenfeld, Chairman of the Board and Chief Executive Officer stated: “We don’t typically comment on unusual market activity, industry speculation or rumors. However, in light of recent trading activity in our stock, we felt it was important to communicate that we are not aware of any material, undisclosed information or corporate development that would contribute to Friday’s decline or unusually high trading volume. We remain committed to our operating plan and pleased with our progress.”
Sam’s Notes
Keep your eyes open for email and fax scams on this one coming out in the next week or two. It is not unusual for such things to occur shortly after a highly volatile day of trading for a given stock. The scammers buy it cheap ahead of time and then try to get you to buy it at an inflated price later.