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The Buckle, Inc. Message Board

  • optionguy770 optionguy770 Aug 20, 2010 9:05 AM Flag

    Company needs to buy back stock!!

    What is going on...

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    • Geez... I'm not sure what's going on. I bought a few days ago at $25.15 and bailed before earnings at around $26.05. I guess I got nervous?

      Anyway--I bought again around $24.81. I hope that was a good decision.

      I'm not sure what's going on, but this company HAS to be undervalued! When's Warren Buffet going to buy half of it?! :D

      • 1 Reply to hopkins_alexandra
      • Even in Buffett's biography it talked about some of the fiasco's he dealt with in the 60's with retail.

        The problem with retail is that there is always new, good, fresh, competition coming out of the woodwork.

        Buckle has bought back stock in the past, but... when they have it has been at times when it was even cheaper in relation to earnings than it is right now. I also think they are more apt to pay a special right now than do a buy back.

        As I mentioned before. BKE is facing some tough, tough, comps for the rest of the year and a really tough January comp. Considering that last month sss was a -9% it's pretty safe to assume there will be negative comps for the next several months and nobody wants to buy into that situation just to ride out the storm for the next 6 months.

        Now if this drops down to around 20 I think you'll see some really strong support, and if it drops anywhere into the teens you'll see management buying back stock. That's one thing I like about Buckle's management, they don't buy back shares unless they are DIRT cheap.

21.70+0.70(+3.33%)Oct 24 4:02 PMEDT