BKE reported a same store sales number that was 1% lower than the Street estimate. 4.3% vs. 5.3%.
For this, the stock is down around 10%!! This massive decline, from such a small miss, while its forward PE is around 11.
Basically this very reasonably valued company just lost about $154M in market cap because it was shy 1% of the Street's estimates, which equates to about $5-6M in sales in Oct.
Something just does not add up. IMO, the market is incorrect here, so I added at these prices.
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