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The Buckle, Inc. Message Board

  • chrishasty_1982 chrishasty_1982 May 20, 2010 10:34 AM Flag

    Strong

    Well, the numbers looked really nice for the first quarter! Profits up over 12% from '09 is great IMO. Now we are at P/E 12.2 which is really cheap. There are a lot of other stocks that are selling low, so I feel that we may be seeing some holders moving to other things they feel is even cheaper. Having the major indexes getting some upward momentum would really help out at this juncture. Cheers to all the longs!

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    • EPS without comp, that is what best described on BKE. They have strong team to deliver the bottom line.

    • Looks like we are starting to see some upward momentum.

    • bill1217@sbcglobal.net bill1217 May 20, 2010 11:17 AM Flag

      Just what we've come to expect from this great company. Their cash was down slightly which leads me to believe that they paid for a good part of the new warehouse construction in the quarter. I wonder if this will impact the special dividend that they might pay this year.

      ARO comes out with their earnings after the bell. They always pre-announce so we know they will be .46 or possibly .47, but it will be interesting to see if they talk about May sales thus far.

      The area of least resistance for the market right now is down, and on top of that there is worry that the consumer will be slowing down during the summer months. The wall of worry is there for the moment in retail. When and where is it best to buy BKE? Tough to know in this market, but they are definitely the best in their class.

      • 1 Reply to bill1217
      • I looked at the numbers they said on the Q3 or Q4 report (can't remember off the top), but I didn't see any reason they wouldn't have a special, but it could be lower this year?? The new warehouse is a major positive to begin with, so that will be a boon to investors and the balance sheet when it's done in July, which is right around the corner.

        Cost for the distribution center should be about 25 million, or 54 cents per share. If we continued to see EPS grow like Q1, which is reasonable, EPS for the year should be about 3.05$ Let's deduct 55 cents for the distribution center and we are at 2.5$ per share. They paid out 2.6$ per share in dividends last year, so they could pay the same amount with a slight draw on cash (around 5 million which is negligible considering how much cash is on the books)

    • Of course earnings had to come out on a major downdraft day.
      Nothing to do but be happy with the numbers.
      On line sales were terrific!

 
BKE
51.24-0.99(-1.90%)Dec 19 4:06 PMEST

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