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The Buckle, Inc. Message Board

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  • boston9178 boston9178 Nov 23, 2012 5:18 PM Flag

    Is BKE still a buy at current price?

    Still got 2 weeks to get in before the ex-date. Nearly a 10% yield with the special dividend. Could get taken down with the fiscal cliff fears. That's when I'd buy. Or you could buy after the ex-date and get it around 44-45. I'm still looking to get in myself. Either way it's a buy.

    Sentiment: Strong Buy

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    • Boston,
      I think current quarter is going to be very strong. Huge crowds everywhere coupled with extra shopping week means a strong Q for Buckle. This will keep the stock north of $50 even if the shorts try to bring it down. Stock will bounce right back and shoot higher. Awesome company yet to be recognized by Wall Street. Heck there is not even a store in NYC yet. Double in 2-3 years. Cheers!

      • 2 Replies to ssfe1
      • I first bought stock in the mid-1990s, I made decent profits then, but sold out. I started buying again in 2009 at 27 per share, business did well through the recession, posting steady gains in same store sales; I most recently paid $46 per share, now have 470 shares. Investors looking to get in now may want to buy a third position now, a third position after it goes ex dividend and then another third in the summer, when the stock tends to slide down a bit.

        Sentiment: Buy

      • That is true. I wouldn't make that bold of a prediction. Maybe if they keep these nice special dividends up! but it's mainly because of the fiscal cliff that it's double of last year. I do plan to buy 2/3 of my position before the special dividend and then reinvest it. And if it goes lower, I'll pick up the rest. At least that is the plan.

44.591+0.541(+1.23%)11:43 AMEDT