That is what I am hoping for. If you look at the 5 year chart the bottoms keep getting higher and the highs get higher. I see a retest of the high of late April at $40.35 over the next month. I also think the markets have settled in. A lot of value in American companies that are growing fast. The markets will only go so low before the money comes in. I also like the 10 million shates short on a 50 million share float. Gasoline if earnings are good. Like the one guy said. "just one mans opinion"
All I can say is that we have seen essentially flat prices for 2 years (with peaks and valleys in between) while earnings have gone up a bunch. If history repeats itself there will be a breakthrough. When you have a company with consistently good quarterly reports there comes a time when it's not going to sell at 9 or 10 times earnings. I think we could see some technical trends fail to repeat themselves going forward. I could be wrong though and we'll have another opportunity to buy cheap.
See them beating by a penny or two, as margins are holding or slightly improving. For that plus a few dollars short on revenue we'll probably take a hit. Hard to see it going as low as the high twenties, however, as you can't tell me we'll approach the 52-week low at this point of the recovery. But with this stock, anything is possible. I mean, is everyone truly as gloomy as we were one year ago? I'll say we stay above $30. Good luck all.
Agreed, I think twenties are out of the question at this juncture. Looks like Q1 average estimate is 61 cents. I think we'll beat that number, but not by very much. I'm gonna say 63-65 cents. I'm going to assume that any number over 65 cents will likely result in upward momentum.
I'm going to say .64 and the stock goes down. It's a good long term value at this level, but not a compelling value. Good earnings reports this quarter are being rewarded with lower stock prices and I think that might be the case with BKE. A truly great company but I might suggest keeping some dry powder.
I would be inclined to agree that it probably isn't a good time to pull the trigger. A good report right now wouldn't do much more than just slow the decline. I would not be surprised to see this get as low as 30$ Current prices are a good value, but you aren't exactly stealing the shares at 35$. The silver lining with respect to price right now is the fact that people that own the shares don't want to sell.
The put/call ratio indicates the street isn't expecting to numbers to look too good. Last year at this time we saw some pretty bad price action for about 4 months, but that offered an excellent buying opportunity at 26$ If we see that happen again it will be another good time to pick up cheap shares, but who knows what will happen?