I bought at 27.91, 28.50 and 29.10 recently, starting at 29.10 when it was on the way down. You rarely can buy at the bottom, but you can come close to it by choosing a number of shares that you want to own and buying in thirds and fourths until you reach your goal. The stock appears headed back to 30 or higher, but may dip again in August after July same-store sales are posted -- which I expect to be down 5 percent. Earnings will scream upwards, however. And cash reserves are climbing, so I expect another $1.80 special dividend this fall. Last year when the company made announcement about the special dividend, stock jumped 10 percent. I expect to see a repeat. Happy trading folks.
I would agree that people are ignoring the value in this strong company. I'm right here in Kearney so it is easier to keep a finger on the pulse of this company. I have been accumulating this past week and hope to have $100,000 in this company very soon. I've never lost money on this company. It is one of the strongest out there and has pumped tons money into our local economy.
kinda looks like a year ago, when we also deviated from the group, like ARO on chart. Why? Teen retail is perma edgy, always scared of missing trend. So too much emphasis on every sss report. We got a double whammy recently, with about 1% more stores but total S down a whopping 0.4% if I recall. So sq footage up, sss down, total S down. Lets see what Thursday (sss) says.
If you are still on this message board-do you recall when the special dividend announcement was last year?
I agree with your assessment-very well run company!
If they are "spooked" by the economy they may pass on the special dividend-also not sure where they stand on paying for the new distribution warehouse?
Seems to me they are big enough to "cherry pick" mall locations in high income areas also I recently read where high income individuals are increasingly using the internet to purchase items-all bodes very well for Buckle as they appear to be well positioned for internet sales.
Also rents have to be coming down dramatically and wages should be flat.
Special dividend was announced Sept. 22, 2009. stock spiked about 10-15 percent after the announcement, you can either sell your stock at a profit or take the dividend. I imagine stock will jump to 36 and fall back to 33. That's why I'm buying below 29.