It fell sharply very quickly (to 16 and to low 20s). In between in bounced between mid 30s and mid 20s. It's fine to be a long term holder. And the dividend is nice. But it's already ex-div for the special. Don't think I'd chase it here. Some day it'll push through 40, and maybe even now it has a run in it. But I think it is getting towards near term fair value.
Agreed. I like BKE. But I've sold almost all of my shares. Holding just a few to see if it goes on a run past $40. History says the PPS has more downside potential than upside at this point. If I'm wrong, I miss the boat and look for a different opportunity. And I hope for a chance to buy BKE low again at some point in 2011. GLTA.
agreed, "they" might change the game but with si still high, lets guess 20s q1/q2? good lucks, nm (ps, macro, seems like plenty of room for fear and loathing over the next few Qs, despite the positive recent buzz and big stimulus tax deal)