look at the key statistics through yahoo finance for bke. then compare those statistics to it's peers.
profit and operating margin out the roof
with increased internet sales up 41%, that's a sure sign that a gain in market share is on the horizon. If there was that big of a surge in online sales, while only a modest-fair increase in same store sales, that shows a lot of people are willing to buy, just might not know where the stores are or want to go to the stores.
BKE is a true growth story...they've merely sprouted from the soil, now watch em bloom baby.
And as for that drop you're predicting...we'll see bout that.
u may as well go short here. i was a long but after getting out and watching i expect this to drop to the mid-20's at least. mm's are at the controls...there's no reason for it to be under $30 but it is. GS just downgraded...a bunch of institutions are short. the comps from last year have the bar high. management does not provide forward guidance. you get the picture. may as well just plan on it being down tomorrow. until that massive short position unwinds this is heading nowhere other than south and there are no catalysts to send it higher.
My Q3 Sales forecast is as follows: Please see my fair value estimate post.
Based on 2007-2008 sales skews, I am forecasting 2009 Sales to come in at around $887m at year-end. I expect sales for the quarter to come in at around $236m vs $211m 2008. This results in a 12% y/y growth. Net Income is expected to come in around $31.7m for the Quarter. EPS @ $.69 cents for the Quarter. Good Luck.
Not much different from the so called Professionals....
Yeah, I know I said that BKE was worth $40-$45..but hey, these analyst are way too aggressive with their estimates. But given that these analyst lowered their sales growth, my revised FV estimate is $35 by year end
Net sales for the 13-week fiscal period ended October 31, 2009 increased 9.8 percent to $231.2 million from net sales of $210.6 million for the prior year 13-week fiscal period ended November 1, 2008.
Obviously the correlation between sales and earnings is not 100% reflective given cost of sales/margins etc. But that's a forecast increase of 13% in earnings when the sales increase is on the order of 10%.......