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Sports Authority is going bankrupt… and you can profit from it.
The Wall Street Journal reports the sporting goods retailer is closing about 140 of its 463 locations.
That presents an extraordinary arbitrage opportunity… for those who act fast.
[Arbitrage is the near-simultaneous purchase and sale of an asset in different markets to profit from a difference in price.]
Here’s how it might work…
Sports Authority sells the popular Fitbit activity-tracking bracelet for $100. You look online and see Fitbits are a “No. 1 best-seller” on Amazon.
A Sports Authority location that’s closing may discount its Fitbits by 60%. So you buy as many bracelets as you can for $40 each.
Then you list them on Amazon for $80. The 20% discount off the regular price ensures a fast sale… and a quick 100% profit for you.
With arbitrage, time is of the essence. You can view a state-by-state list of potential Sports Authority closures right here.