Wow....what a mess! Why were all the analysts and Cramer recommending to buy FINL? I'm sure a lot of us lost a ton of money. I feel a bit betrayed by Finish Line management that the 1st qtr. outlook was not communicated sooner! I think we are owed a huge company buyback, so we could re-coup some of our money. I feel robbed!!!!!!!
Also, I wish people would use this message board to communicate information on stocks and not solicit trading products!!!!!!!
This happened to me a quarter or so ago. The dumb CEO opens his mouth and dissapoints everyone. last time it was spending on online that will have to be absorbed for a year then the stock tanked and I lost big $. This time a waited, good number but as usual he says something that kills the stock. I did by back in today after the stock came back in. Im sure sales will regain strength once basketball starts. there just wasnt any good product out during Sep. Nothing exciting for the kids. And back to schools has aready happened.
u are all quite clueless. The company is nearly doubling their retail capacity with the very sweet Macys deal they are expecting 350 million increase in revenues last quarter earnings are nearly irelevant as the face of this company is rapidly changing. I expect to see 30 near term as analysts wake up and start pushing it.
Relax, they have no debt, any time a good stock drops like this after an announcement of projected earnings revision, it always falls so the big boys can get in and bounces back higher. Look at the fundamentals, low PE, great demand for the products it sells, great cash flow, no debt, sells products on internet, it may go a little lower short term, but wait to see in a couple months or so. SAM did it, LLY did it, ZAGG did it, FFIV did it and now FINL did it. Long Term, HOLD and add on weakness.