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The Buckle, Inc. Message Board

  • nsthil nsthil Mar 9, 2010 11:47 AM Flag

    Sold at 34.44

    BKE is relatively cheap here still but this has been a sizable move. With higher costs associated with their new dsitribution centre and moves into higher rent locations I am going to step to the side until after the numbers. I do not see big upside to Jan qtr numbers and they do not give guidance.

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    • I would disagree.

      Higher rent stores will pay off in higher sales.

      Distribution center is paid for from cash flow-
      no debt in the Company.

      New distribution center will benefit internet sales
      which grew 40% last year.

      Higher rents will be offset by much lower rents in small
      markets.

      I look for a higher dividend and a special dividend to get
      cash out of the business this fall-I would hold!

    • Forgot to mention that we should also have a dividend announcement next week, so there is also a little bit of a price cushion built in right now. When you deduct what dividends will likely be for the rest of the year this is probably only only selling a little over 30. If this does go to price targets of 40$-43$ and we see dividends similar to last year (2.60$) the current price is actually pretty cheap.

    • Hey, at least you covered your short position before you got burned. There are plenty of naysayers and people selling because of risk analysis right now, so this may run up some more if numbers look good. As I've said before, I'm more worried about selling and letting the shares get away. A while from now you may not be able to buy back under 35.

 
BKE
42.54-0.34(-0.78%)1:07 PMEDT

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