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Big 5 Sporting Goods Corp. Message Board

  • parsonspc1 parsonspc1 Nov 5, 2008 4:04 PM Flag

    Less than book value= Buffet cigar butt theory

    Even a tossed big cigar butt has value - you can pick it up and still get a few puffs for free.
    Yo, Market makers accumulate at this price. It is trading below the book value. even at a standard of 15 times earnings the market maker know he can send this to the high 11's. I shop at BIG 5. There is a base level of tennis balls and soccer shoes and baseball gloves that one needs to buy to play. I eat my own cooking. I am buying. They played baseball during the depression and they will play it through the next. This is what is called hyping the fear. The dividend along makes this low price a joke. What a fool this cat is.

 
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