Goldman Sachs placed a one year $8 price target ($2/$6= 33%) on PBY shares. If you add the 4% dividend yield with the anticipated appreciation of $2, you end up yielding a impressive 37% return on your investment.Not too shabby.
Blueblood: You are new to the board. The recent quarterly results was disappointing due to negative comp sales and (if you take out the deferred tax asset adjustment) a reduction in profit from the prior year. The deferred tax adjustment was cute.
Business model is broken.
Granted this company trades like the clothing retailers and they shouldnt be associated with them.
Wall street was expecting some positive results now their credibility is damaged.
Lack of Kayaks in stores must have seriously affect the comp sales.
Will it get back to 8, yes, but it will be a gift from wall street. They can scream all they want that the property is worth 1 billion but real estate is tanking also.
People have been waiting years for the turn around, it hasn't happened.
Will they keep the dividend, or do they cut is the question