Madame Leghorn, has your deep gaze into the charts perhaps become a blur as the market moved strongly up while Rocky moved down? The cheerleaders don't want to hear the term Opportunity Cost but I hope you will think of it as we move forward. In a major selloff, Rocky will do no better than the rest of the market and arguably worse. But it will give management cover for more and more excuses.
Oh yes, the fall selling season is now here. What do the dynamics look like for footwear powerhouse Rocky Brands and its stock this month? Will a broad market decline send the price back into the lower basement? Will buying by Rocky Cheerleaders send the price into the clouds? Is it all Blue Sky?
I have mad the NYT on several occasions but the real news will be when Mays & Barnyard make the NYT for their investing prowness (not gonna happen)!
It was a very good question from over a year ago. The stock has not seen $16 though it has come close to the 13s at times. Still a very open question in my mind. In a correction I believe it will see $13 or less.
As usual, Mays has no contribution concerning the subject of the board: Rocky. Any more great investing ideas, Buffett? Rocky seems to be streaking upward again (toward $15).
Keep HOPING Hopeful that this oinker will someday recover to $20. Then there will be another round of mass selling!
Maybe a discussion on the company is in order....its strategy and plans for how it will put the new people to work and increase both sales and earnings. All this is far over the cheerleaders heads.
The Barnyard surfaces to make another very important financial comment on Rocky. Great insight as usual, Buffett (not).
Great point, Buffett, sounds like you need to get you head out of the sand! Ostriches are known for their investing prowness (not)!
Buffett, how has the investment gone recently? Streaking upward toward........$15? You truly are the Oracle (not).
It was well noted that none of the looters in Ferguson were stealing WORK Boots, so no potential replacement bump in Rocky sales there.
Not exactly.....a track record of poor management and a lack of growth. The company is a honey pot for the family and that shows no signs of change. Any more Strategic Acquisitions?
Do you still own it Frau, or have you seen its lack of appreciation in an appreciating market and that it is still slightly below your purchase price and have thought better of it and dumped it? Inquiring minds want to know.