Wooopee they beat the Street, y usint it going
up? Sheeesh come on guys, just one look at the incoem
statement and u can c exactly hoe they "beat" the numbers,
through the buyback of 600K shares of its stock, When
sales are slowing, SSS are low, and margins narrow,
that is not good operating results. They need to adapt
better to changing fashions, get rid of some denim, try
new stuff in young mens apparel, and watch occupancy
expense. The price seems to reflect BKE's waek momentum.
Until the sales trend start reversing this stock will
makes Jack a very dull boy. All work and no play
makes Jack a very dull boy. All work and no play makes
Jack a very dull boy. All work and no play makes Jack
a very dull boy. All work and no play makes Jack a
very dull boy...
This stock is making me lose
I appreciated your post and read it before I
bought, but I don't think that's a good foundation for
making choices. Relative strength, like all technical
analysis, is most accurate at telling you what has happened
in the past, leaving you in interpret what's going
to happen in the future. Obviously, just because a
stock has high RS, doesn't mean it's going to keep it.
In fact, it usually means it's going to lose it. The
sad thing is, by the time you see BKE with a RS of
90% or higher, we'll all have made about 75% on our
I visited the mall and this is what I
--BKE had more traffic than GAP yet the sales girl said
it was a dead night
--The sales girl I spoke with
said she started working there because she shopped
there so much
--Great mall location!
talked with a bunch of teens / twentysomethings about
the store. Everyone liked the store although most
said it was really expensive. They also indicated that
they like the way the floor sales staff acts as
opposed to other clothing retailers.
I was quite
impressed with their selection of merchandise. GAP is
forced to always make their stuff "cool", where it
appears as if BKE can just sell whatever is "cool" at the
time, i.e., Tommy, Doc Martens, etc. Wise...
crunched some numbers and did some significant research. I
have to admit BKE appears to be the best buy right
now. While it is selling at a low P/E, it is also
sitting on over $3 a share cash, which means the stock
could actually be priced at $12 right now.
just place my buy order...
Investors business daily shows BKE to have a RS,
relative strenght of 11. With 0 being the worst and 100
the best, 11 is pretty bad. There is no interest in
BKE. It is apparent in the stock price being so close
to the 52 wk low while the market is healthy and
making nice gains. BKE has problems...they will soon
surface. Growth is slowing...margins are decreasing...cash
flow is slowing...it will all effect eps and that is
the bottom line. Easier money to be made elsewhere.
I just purchased a few hundred shares because its
selling at its historically low PE and it has a great
balance sheet. Never been to the stores, none in this
area, so when you get back, let me know what you think.
Fashon is fickle, so the company sales slowdown may just
be temporary or it could be more serious and longer
term. Based on the companies past performance, and
considering its potential risk/reward ratio, I'm assuming its
a temporary problem, and getting my feet wet. Good
to get funds to pay out the Subchapter S earnings
to Daniel Hirschfeld, repay bank loans, and to
provide for further expansion. The new stores were all
financed by Mr. Hirschfeld and bank debt intil the IPO. He
got the money Sub S earnings he had already paid tax
on at that point which was a lot. He still owns
majority interest in the company.
Forgive the apparent idiocy of this question but
I am in the process of deciding between BKE and a
few other stocks. Please list as many reasons as
possible why I should / shouldn't invest in
Also, I am visiting one of BKE's stores this afternoon.
Anything in particular I should ask / look
I have owned the BKE for seven years--bought the
IPO. BKE has had two splits. It split 2 for 1 in 97
and 3 for 2 in 98. In those seven years I have had a
200% return but I only have 3 shares for every one I
20.5% return per year is great. Try getting rich
Read the financials !!
1) cash flow is not
decreasing, it is increasing, just not as fast.
will open ~30 stores next year. By using just this
year's cash flow, they could open 80.
3) The cash
and muni portfolio could open another 130 stores
(only 5 years worth).
Will2win being a fool, BKE is not down because they won't
be able to open new stores at anticipated pace.
Momentum is gone with SSS, float is thin (and getting
thinner)and we're in tax loss season. By the way, anyone even
thinking about BKE quietly buying up the float without
moving the price? Is anyone thinking why is BKE public
in the first place? Hummmm . . . .