I'm inclined to agree. When they released Q3 the numbers were excellent and beat expectations and the market yawned. Meanwhile ANF posted numbers that were bad, just not as bad as expected, and it was cheered all the way to 40$
I hate to say it, but I'm beginning to wonder that even if Q4 number are great it will come and go with little fanfare. Superb stores, but the stock is a dusty vinyl leisure suit on the back of the clearance rack right now.
I think anything positive would be a catalyst. If we continue in this mode BKE can have blow out earnings and guidance, and we'll sleepwalk right past it with no increase in share price.
Yes, it makes sense if you read the fuckin thing.
Net income over the last year was 119.49 Million.
3:2 split would make 69.45 total shares.
EPS would then be 1.72$
If the price were still 29$ after the split the P/E would only be 16.8. It's not that god damn difficult.
I would assume it has more to do with earnings, but they could do a 3:2 split right now and that would merely put the P/E ratio at a typical average for this stock. I don't really want to see a split right now, but adding 50% to my equity would console me a little I guess!