The good chicken needs new glasses because it can't read financial statements. The over 600 number is due to the $62 million non-recuring charge BOBE took in the first quarter of this year. The forward looking PE is below 12. Given the recent increase in dividend and announced stock buybacks, increase in analyst rating, and increase in stock price, maybe the good chicken need's to do a little homework before it posts again.
I guess maybe BOBE made a lot of money on the non-recuring charge. How much money did BOBE make on the $62 million non-recuring charge? Another thing I guess the P/E must be wrong then. Tell me why has the Ariel Capital fund no longer have the 21% plus holdings in BOBE they used to have any more? Did they know something we didn't and cut and run?