Anyone have any info or thoughts on the sharp drop in the stock price? I know its common to see a price drop after a split as investors take profits but this seems a little overdone ie, a 10% drop in a few days. It will be interesting to see how June sales will be compared to last year. Perhaps a slowdown?
Please read my recent post regarding thoughts on the pice drop. Suumer vacations, camps, etc. Not thinking about back to school shopping till next month. Look at BKE historically for this time last year
I think the recent price drop reflects some profit taking and some may be a bit concerned about insider sales recently, also a lag after the split. If you're in for the long haul - ie. years - this shouldn't alarm - school season approaching and if retails in general do well, bke should be a leader. Well positioned for growth in next few years with upscale, trendy, big spending younger market. This company making great returns with no debt - be patient and rewards will come.