It seems to me the whole retail clothing sector
is a little funny. Companies can do very well
quarter after quarter but they are constantly being
compared to others in the sector. If investments are going
to be made by people into the sector those that
don't perform at the top don't get the most play. BKE
is a good example of a company that has consistently
perfomed above average but not superior to others in the
sector. However, eventually I believe the consistency
will pay off. I guess that is what it means to be
"long" on the stock.
Just moved up BEFORE the official
Doesn't take a genius when the company releases sales
numbers each month to see where things are
Now time for a little profit taking.
for it to settle down before I load up some
Hoping the Iraq confrontation spooks the market, so I
can buy more real cheap :))
If you're a long
term investor, just put the shares away in a drawer
and forget them. As long as management continues to
do the great job they've been doing, it's much
better than money in the bank.
If you're a short
term investor, you can always go play Russian Roulette
with Earthweb or something.
I suspect the market yawns at a small cap company
like BKE that isn't burning up the world. Nordstorm's
gets more attention just because it's Nordstrom's.
Also, retailers like Abercrombie and Fitch are kicking
some serious butt in the 3rd quarter and they're up 1
5/16 on volume of 885,000 today. BKE's off 1 1/4 on
inflated volume of 178,000. Such is the problem with
smaller companies, I suspect -- they get no respect, even
when they're doing a damn good job. Still and all,
BKE's gone from around 13 to mid 20's recently, so
someone loves it. Frankly, I'm waiting for Christmas
sales to kick in... 4th quarter should be great.
Pretty good numbers. Earnings at .46 verses .36
year. Beat the estimate by a penny.
up with the stock?
Why can't it just go up
like the other
stocks that reported good numbers.
Well, I am hoping that the movement will continue
this week as earnings are coming out on Friday. I
jumped in today at 25 1/2 and plan to see on Thursday
(or sooner if it looks like it is going to tank). I
wouldn't be surprised to see this one continue right on
past earnings into the 30s, though. Even though I am
getting out, my wife is a long-time holder of this