poor same store sales and comps. In addition, earnings have been weak...therefore mgt. tries to decline the poor news by offering a special dividend. The bottom line is, BEBE is not performing well in the retail marketplace.ANF is a much better choice than BEBE, Even ANN TAYLOR is a better choice.
BEBE styles look just fine.They may need to beef up their marketing and advertisement a bit. One of the problems is that they are not low end or high end. There sales are aimed at the sector of the economy that is unemployed! I used to buy 6-10 pieces of clothing a year from Bebe. That was usually around $1,000to $1,500.00 I am now job hunting after 11 years with the same employer. Guess what? I am not buying clothing. There are aprox 456,000 new unemployment claims per week. This has got to be putting a bite on their sales.
I agree. This stock may drop the dollar before the dividend is paid. There is nothing bright in the sales figures. BEBE looks like a company that does not know where it wants to be. Opening new concepts and closing them so quickly. I am going to stay away from this one. It is not worth waiting around for the special dividend to me personally.
can they do that? I mean, they filed with SEC telling everyone that they will be paying the dividend on the 21st. If they default on their promises, who is going to invest in their stocks in the future?