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Books-A-Million Inc. Message Board

  • investor_9987 investor_9987 Aug 17, 2006 4:45 PM Flag

    At first glance ...

    ... looks like a good QTR.

    I am glad that I rarely short stocks because I would have been tempted to short BAMM prior to earnings release. I figured they would report lower revs and earnings when compared to the Harry Potter QTR they were up against. Instead earnings were way up and Revs were just slightly down.

    I was hoping for worse numbers and some over-reaction by the shorter term investors to allow me to pick up some trading shares in the high 12's or 13's. I doubt very seriously that will happen unless there is something buried in the numbers that I did not see.

    It looks like I will have to be content with holding only my core BAMM holdings.

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    • I think you have done about as well as any poster i have observed........bamm has been awesome............long vs traders including you...........i just wish rodger was still around...he was what got me into mb's big time and he was you know where he might be?????? and you are doing great and good for you................

      • 1 Reply to goin4thegoldin03
      • I hope you have gotten your period key unstuck by now! :)

        I have no idea about RR. His analysis was dead on regarding housing and the pending bubble. Unfortunately he was a couple of years early and that probably cost him a bundle. The retail meltdown he predicted never occurred - it was more of a soft landing than a hard recession. (I guess we can thank the Republicans or the Fed for that one.) The problem with shorting stocks (back to RR on housing) is that you have to continue adding $$ all the way up since you are on margin. Not to mention you are paying the margin rate the entire time. It is not a pretty thing when you have to continue doing that for a couple of years - takes a lot of nerve and money.

        Still just holding my core BAMM holdings and will probably place them into a charitable trust near the end of the year for a healthy tax write-off. I was hoping for a good entry point to get some trading shares but it never presented itself. BAMM is a beautiful turnaround story and it has been very kind to my portfolio.

    • Revenue does not look pretty but margins were very good. I doubt they can keep increasing margin at this rate. Revenue miss expectations by a reasonably big amount. If this continue, it will bite the company in the tail. You need revenue to leverage your expense going forward. I would be wreary as a long term investors here.

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