Okay, the negative number took everyone by surprise, BUT...the Q4 sales number exceeded expectations, and the 12-month total of $898mm is also higher than the average estimate, so EPS should be fine. Hopefully, GS won't invent a rating lower than "Sell" before the earnings call.
That, and quite frankly even people that know it's a good company get pretty impatient when P/E ratios are flirting with single digits. We're getting slammed again and every time the price crashes it's moving average gets lower and lower. How low will corporate governance let it go????? I will have to admit that nobody was going anywhere in a lot of the midwest this January because of severe cold weather (negative 10 degrees as far south as arkansas) and lot's of snow, and that hit a lot of Buckle store locations. That could very well be the reason for the drop in all honesty.
CSCO had a great report and said they will be hiring over next few quarters. This is just lingering fear of the past and the inevitable employment numbers lagging the recovery. The economy will surprise to the upside this year I think.
BKE had a tough comp to beat because sss were up 14.7% in Jan '09. Sales from new and renovated stores and their quickly expanding online sales will more than make up for a 1% sss decline. This is a good time to pick up shares because Q4 earnings will be a home-run.