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The Buckle, Inc. Message Board

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  • stamo stamo Jan 13, 2000 8:20 PM Flag

    BKE up $2

    The Co announced a 500,000 share stock repurchase program in Dec. 1999. Maybe they are doing some buying now.

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    • but according to their reports they have been buying all along. Hopefully information regarding earnings has leaked out or there is an outsider accumulating shares. I hope it is the later.

      • 1 Reply to cbbj
      • My opinion is that same store sales comparisons
        should look better in the coming year because they were
        poor last year. The reason they were poor last year is
        that the store had very, very strong double digit same
        store sales growth the year before that (2 years back).
        It made it very difficult to repeat such strength
        last year since a company can only out pace the growth
        in macro clothing demand for so long before the
        company saturates the market. In any case the price of
        clothing also fell across the board last year. Total unit
        sales were unlikely down at all at BKE but rather the
        company had to charge lower prices. Manufacturers prices
        were also down. The company is not falling apart or
        anything drastic like that and maybe some institution
        buyers are finding that BKE may be a good value pick
        long-term. That is my opinion for the upswing in the stock
        so far this year.

28.94-1.16(-3.85%)Apr 29 4:02 PMEDT