The Buckle has been the best performing apparel retailer throughout the recession. See a comprehensive overview of their results in graphs - easiest way to spot the trends: http://retailsails.wordpress.com/monthly-sales-summary/the-buckle/
look across the majority of retailers even the few good ones that are left have huge short interests and sometimes its the good ones that have the highest ones.
I've seen stocks where something like a convertible preferred has been issued, the holders can short against the possible conversion, kind of an arbitrage thing. Probably not the case here, just curious about the big shares short.
convertible issue???
possibly associated with some convertible issue?
wow, how did they bump sales/sq foot like that, 2007-2008? change of mgmt or did they just really hit their stide in here?
Thanks, nm
http://retailsails.com/monthly-sales-summary/the-buckle/#store
Is someone cooking the books?? It's been done before when people knew it was to good to be true....Enron, Worldcom, and on and on....
BKE is run by a family and relatives, Bernie Madoff come to mind??
Hope someone is keeping close watch on the books and mgmt.
They really hit their stride/been on fire since the end of 2006, and have stolen a lot of market share from other teen/mall retailers as consumers have traded down during the recession. They've had double-digit top line growth for 10 straight quarters.