The Motley Fool Discussion Boards

Previous Page

Stocks H / Hastings Entertainment, Inc.

URL:  http://boards.fool.com/hurry-in-to-hastings-22292061.aspx

Subject:  Hurry In to Hastings Date:  3/31/2005  3:29 PM
Author:  TMFTwitty Number:  41 of 44

http://www.fool.com/News/mft/2005/mft05033114.htm?ref=btp

Hurry In to Hastings
By Nathan Slaughter
March 31, 2005

After postponing fourth-quarter earnings earlier this week, everything-under-one-roof retailer Hastings (Nasdaq: HAST) finally unveiled its year-end numbers this morning -- and shareholders are probably wishing the delay had been even longer. For the quarter, net income plummeted to $4.8 million ($0.40) from $12.3 million a year ago. In a classic example of how a cheap stock can always get cheaper, the shares, which were already trading at a trailing price-to-earnings ratio of around 5 (no, that's not a typo), got a 10% haircut in early trading...
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us