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Author: 04steve1467 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 139  
Subject: Great Buy and Nobody Knows Date: 4/16/2000 2:02 PM
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Is it just me or is The Buckle (BKE) one of the best buys around right now? BKE currently has a PE of 7 and is growing at about 20% a year. Everyone is concerned with tech stocks and has forgotten to look at their other options. As I am from Omaha, NE I do like BKE due to the fact they are located in Kearney NE. I know exactly what you mean (Where the hell is Nebraska, let alone Kearny?) But I can tell you one thing and that is The Buckle (BKE) is a winner just like Big Red Football! Must be all the beef they eat. Take another look at The Buckle and you will also notice, 0.00 DEBT! I am buying Monday and wanted to know if I am the only one? I am even wondering if anyone will read this?
Long On BKE
FOOL ON
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Author: Villalobos One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 100 of 139
Subject: Re: Great Buy and Nobody Knows Date: 4/16/2000 2:54 PM
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Still a good deal in my eyes. Though as you can see from my last posts that for some reason it keeps getting to be a better and better deal.

I also believe that the 20% growth rate is too high looking forward. The SSS is down for most retailers and The Buckle is one that is taking it in the shorts lately. They are expanding there stores about 9% this year and the stock buy backs are always good to see. Time will only tell what the growth rate will be in the future.

CV

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Author: TMFAttila Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 101 of 139
Subject: Re: Great Buy and Nobody Knows Date: 4/18/2000 4:40 PM
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<<I am even wondering if anyone will read this?>>

I read it. I too am from Omaha originally. Bought Buckle a few years ago based on tip from my Mom (only bought 57 shares). Unfortunately, BKE is down 56% from where I bought. There growth of late has not been as impressive as it was a few years ago and it also seems their same store sales figures have not been good the last few quarters. I hope the company makes a comeback, it will have to do real well for me to break even someday.

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Author: 04steve1467 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 102 of 139
Subject: Re: Great Buy and Nobody Knows Date: 4/18/2000 9:42 PM
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From your response I am guessing you paid around $30.00/Share two years ago. I know it seems bad but you should consider buying more at this opportune time. Let's take a look at The Buckle (BKE) for the last 5 years. Average sales growth for 5 years is 21%. Average EPS growth is 34% (we won't consider last years 40.77% growth for us Fool's like to be consevative). Now last year they had Earning Per Share (EPS) of $1.64. If my math is correct and I am sure it is then next year it will be $2.19, the following $2.94, 3.94, 5.28, 7.08, 9.49... You get the idea! Now the real kicker! If I invest $13.00 and I want 15% return on my money I get $1.95! That's right, just EPS estimate will earn you 15%. So I am greedy and want 25%, now that comes out to be $3.25. As you can see you will get that in 3 years. Now once a few more people start to look for these real buys in the market, you can bet this opportunity will not be around for long. These things happen because people like to follow what other people are doing and buying(ORCL,CSCO,MSFT...)and I am no different but now that I have crunched these numbers again I think I am going to buy some more again(BKE that is). I can't help but tell you next time listen to advice and then do your own homework when your Mom has a hot tip. Warren Buffett has made an average of 20% a year looking for companies like this and you can to. Don't tell anyone about this Company and all of us Fool's can have a longer time to buy. The only risk I see is if young people stop buying clothes to look cool. Yeh, there is no risk. This is getting long so one last tip: read "The Essays Of Warren Buffett" by Lawrence A. Cunningham. The best $15.00 I ever spent(Except for BKE shares I just got for $12 7/8!!!!! If anyone wants to give me some critical feedback I would sure take it.

FOOL ON

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Author: TMFAttila Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 103 of 139
Subject: Re: Great Buy and Nobody Knows Date: 4/19/2000 9:38 PM
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<<I can't help but tell you next time listen to advice and then do your own homework when your Mom has a hot tip.>>

I did some homework before I bought (and I always listen to my Mom). I'm not planning to buy more for a couple of reasons. First, what a company has done in the past is not always an indicator of the future. Personally, I don't think the company can continue the growth they had in the past. Same Store Sales haven't been impressive lately. One of the biggest reasons I'm not buying more comes from personal experience. I was in Omaha a year or two ago after I had already bought the stock (there isn't a Buckle here in Virgina). I went shopping with my wife, our youngest daughter (a teen) and a neice (another teen). We spent money (mostly my money) in the Gap, A&F, and Old Navy. We went in the Buckle in the Westroads but didn't buy. I'm not saying these two teen girls are representative of all teens, but it made an impression on me. I hope the numbers work out the way you see them, I'm just not ready to put any more money in the company at this time.

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