Hard to blame them after the recent decline from 20.50 +-. Retailers are under pressure this week so we shouldn't be surprised. Hoping for an earnings bump.
We got killed after hours yesterday and this morning we not only make it up but are UP 5% from yesterday;s close. DOES ANYONE HAVE A CLUE?
The news must have gotten out. This kind of stuff makes me sick. It has got to be illegal but, who cares, certainly not the SEC.
Obviously, but I do not see this report as all that awful. Guidance was bad, but it could have been a lot worse considering the weather conditions. What doy ou think?
I agree, surprised at the drop-off. I was actually trying to buy $17.50 March Calls (@ $.30) and they didn't fill - even in that repulsive leak-driven sell off in the closing minutes. I do think it's possible SEC will take a look at that, though. Doubt we'll read about it if they do, even if someone gets spanked.
Anyone plan to go long (or longer) here? I believe I will, just need to read the transcript, but almost certainly a buy here. P/S ratio well below peers, good balance sheet, other metrics all a "go"...
We are toast. The cut estimates by 2/3 from .33 cents to just .06 -.11cents for the first quarter.
I think so as well. I think this sell off after hours is another vast over reaction just like when they reported in early January. Tomorrow we may even wind up going up. They increased annual sales almost to a billion for the first time in corporate history. Their head winds will end in six to eight weeks and comps comparison was at its worst in January due to the firearms sales last year. I am listening to the Conference Call now. Management is very candid with respect to the hardships this quarter that led to the poor performance. However they see it ending soon. They also do not see a material effect to the business model as a result of the new minimum wage and Obamacare. I own 12,500 shares and will hold on to them. But I do not think I am going to add at this point. So I guess that makes me a hold. Please post your thoughts regarding the Conference Call.
Management also observes that much of the inventory build up due to sales lost from lack of winter can simply carry over to next season because they do not focus much on fashion sensitive items.
Not an unreasonable argument either. The question is whether the reduction is due to the headwinds referred to in the Conference Call or if they are permanent issues.
Too soon for me to claim vindication, but thus far the decrease in value has been far less damaging than anticipated. The report was not that bad and guidance will be easy to beat. Comps are an abberation this time too.