Typical PE over the last decade has been 15-16. They have plenty of room for growth at this point especially in internet sales (which they have positioned themselves to do) Even if you don't think the opportunity for growth is as good as it was 10 years ago I think the fact that they are better established offsets that.
chris, i'm with you, if it clearly over valued/priced (pe 20?) maybe, imo we should be a pe 16 stock, cheers, nm (heh, think I was right, that in some cases jan sss- can be a +, shows lack of clearance activity, we see the margins today)
"It will be at least a week before I consider taking any money off the table given the strong earnings report."
I'm not trying to convince you otherwise but typically MMs buy before the news, sell the news and then buy back a week later. But BKE continues to be such a bargain one never knows.
Overbought? What planet are you on? I'm not trying to be a jerk but this thing is being held down for whatever reason. 12pe? Look at the other PE's. Come on grumpy put a smile on and ride the train.
This should be at $40...
Happy Trading :)
Over bought..?? where do you see that? Forward PE is super Low, most of the retailers are near there 52 week high's we are $5 short! So many reasons why we should be going up up up, I don't see over bought.