At what point do the shorts give up? This company is generating cash daily and now below tangible asset value. The dynamics say it should go up alone with their retained earnings and EPS generation as that starts to reflect on the balance sheet. Also at what point do you get people buying who see this at a P/E of 3?
looks like a Short Squeeze is coming. Maybe it will come today?
J
anyone get the divi yet?
G
Tangible Book Value is now $12.26, I don't expect this to retest the lows of 2020. With no debt, plenty of inventory, this company is not going to go broke. I imagine based on the price that shorts are still in this one. Not sure what they are waiting for. Seems like a great time to cover and lock in wins. Unless they are privy to some kind of insider information to the likes of "The company has cooked the books" or something like that I don't see this company ever going broke.
Stock is basically priced now for negative earnings. I realize that a return to the historical mean would indicate that earnings and cash flows have a long way to drop. But the stock is already priced for this scenario. A more likely scenario is somewhere in between meaning this price goes back above $15 easy.
j
Maybe we will have a short squeeze tomorrow?
F
And neither does anyone on here either.
B
After watching bankrupt $REV go up 800%, you have to think the potential for a massive squeeze here is the same. Same short interest basically. This could light up very quickly. Fintel has good odds for short squeeze and gamma squeeze
T
Posting for Joe...
Maybe tomorrow there will be a short squeeze??
h
Its natural for the stock price to go down after ex dividend date will last a few days and recover so if you need more shares and have the funds this as an opportunity.I'll recieve the dividend and am confident of price recovery.
A
I am so tired of BGFV doing nothing all day. Can you move??? I have been reading (http://Achieverspot.tech) for a month now and the stocks there actually go!
B
This company was buying back stock in the 20's. There is absolutely no reason they should be exhausting their entire $25M buyback here and retiring another 10% of the company, plus just think they save on paying the dividend on those shares and it cranks EPS. Not to mention the pressure on the massive level or shorts. Very few shares available to short, so buying pressure could really make things interesting
h
Some of us actually have portfolios Joint JTWROS - 5.02%
Dow Jones Industrial Average -11.22%
S&P 500 Index -15.85%
NASDAQ Composite Index -25.33%
j
Maybe there will be a short squeeze on Monday?
.
I wonder where the massive short holder(s) will cover this time? 14's? 15's? 20's? 40s?
Answer is probably none of these, since there are not enough shares for them to cover price will get away from them, one or more hedge funds will stand to lose 100 to 200 million dollars. Maybe more.
h
The Company ended the fiscal 2022 first quarter with no borrowings under its credit facility and with cash and cash equivalents of $62.0 million. This compares to no borrowings under the Company's credit facility and $97.4 million of cash and cash equivalents as of the end of the fiscal 2021 fourth quarter. Merchandise inventories as of the end of the first quarter increased by 18.2% year over year, reflecting more normalized inventory levels relative to sales, along with higher carryover of winter-related inventory. In the fiscal 2022 first quarter, the Company repurchased 94,983 shares of its common stock.
B
You have to wonder when shorts cover here, with such a low P/E and high short interest, makes no sense to be short this.
Stock is basically priced now for negative earnings. I realize that a return to the historical mean would indicate that earnings and cash flows have a long way to drop. But the stock is already priced for this scenario. A more likely scenario is somewhere in between meaning this price goes back above $15 easy.
Maybe tomorrow there will be a short squeeze??
Joint JTWROS -
5.02%
Dow Jones Industrial Average
-11.22%
S&P 500 Index
-15.85%
NASDAQ Composite Index
-25.33%
Answer is probably none of these, since there are not enough shares for them to cover price will get away from them, one or more hedge funds will stand to lose 100 to 200 million dollars. Maybe more.