scare some longs out of their shares one week before a very good quarter. They and their clients buy today and ride it back up and when she flattens out again, GS says the ride up and earnings justify an upgrade......and so she goes. I guess if you don't want to play against the crooks, buy GS and ride the crooked railroad with em.
We already know that Q4 results are going to be good because of the sss results released during that period. That will hurt the credibility of Goldman's guidance. If the January numbers look favorable it's just more evidence they blew the call. Eventually they will have to raise guidance if BKE continues their success. (They always play armchair quarterback and say it's a buy after prices have already run up)
note words vs actual #s and reality (doesn't 400 stores / 40 states suggest a potential to double in say 10 years?)
OK, enough ancient history, back to the future....
search back o/a 11-12-09, helped create the 27 buy op, perhaps. yes, recent enuf.
The Buckle (BKE) dropped 5%. Goldman Sachs initiated coverage of this stock with a 'sell' rating citing limited drivers for EPS growth. - I wouldn't own it, counsels Karen Finerman.
ancient history in the net age...
These mf'ers wouldn't slap a Sell rating on an Al-Qaeda run Ponzi scheme, but they give one to BKE? Less than a week before they're set to beat earnings & just when every other retailer is turning the corner and we finally have hints of increased consumer spending? They must be laughing their asses off this morning in the Financial District.
I have no idea how this is going to play out today and leading up into Tuesday. Moderately hopeful however, as I'm surprised the sell-off isn't worse (okay, with that statement I've just guaranteed a closing price of $10). What I want to see is whether any other analyst out there has the balls to contradict GS with a positive rating. Are we the only f-wads who like this stock?
Ha, LOL, I own GS and BKE.
This is typical, upgrade ANF, downgrade BKE, as the cycle presumably turns.
A very trusted retail retail investor I have seen on many boards over the years had said to me before in a post on another board that BKE typically went through cycles of positive and then negative sss comps. It doesn't surprise me as comps slow down (they set an awfully high bar after all) to see this action play out.
It is all typical of how the churn crowd thinks. The idea that BKE doesn't have much expansion room is of course ridiculous. it has a much smaller footprint.
There's no reason to sell into this. It is meaningless in the long run. if you are in the market for shares, thank GS.