I'm looking to get in and buy BKE but not encouraged by the miss of last qtr earnings, can back to school and build up for the holidays increase sales? and boost the PPS? Relatively speaking it is trading at a low P/E, but that alone is not enough for a decision to buy. Any thoughts here, I bought JWN about a month ago and did well with it but sold and got out. Would this be a good entry point to start building a position in BKE? Thanks in advance.
Look at the chart. 24 is a good entry point because its just above the 52-week low. The P/E looks cheap, and the dividend looks tasty. BKE has been falling lately, so if you can get in at 24, you may have a nice ride up while enjoying the dividend.
I hope that BKE's management isn't buying back shares at 26. I think it would be great if this dropped down to 20$ I bought a little at 26.35 before the dividend announcement and still hold it, but I'd throw some real money at this around the 20 dollar range.
Anyone looking for another play could also do well at KNDL at these prices. (Shameless plug, but please feel free to coat-tail on KNDL lol)
I bought both JWN and BKE about a month ago and sold BKE today due to not giving out a special dividend drop. Still holding JWN which is still doing good technically and think BKE could drop further. JMO.