Buckle's a solid stock idea, and the price got even better today. As the recession took hold, Buckle performed very well operationally, obviously resonating with teen customers, yet its price-to-earnings multiple has long been low compared to struggling peers like Abercrombie.
Today's major dip in Buckle's price represents a great buying opportunity; Abercrombie was already way overpriced before it actually showed signs of life on its top line, and personally, I wouldn't touch that stock with a 10-foot pole right now. Abercrombie trades at 37 times forward earnings; Buckle trades at just 11 times forward earnings. Given the operational performance of both over the last year or two, it's a no-brainer that Buckle still looks like the better buy.