Buffalo Wild Wings, Inc (fka BWLD)

[momentum74]

BWLD Realmoney Columnist and trader/adding in the AH
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Don't Disappoint on a Day Like This

by Timothy Collins


I wouldn't want to report earnings on a day like this, especially if the news is bad. Just ask Buffalo Wild Wings . Its quarterly numbers were good, but when the company stated that April sales were soft (or below expectations), the shares tanked. The stock is getting hammered after hours -- currently sitting under $40.50. I am adding a bit more here, and my average will be around $41.50 a share. I am fine with holding shares there, and may buy puts on the open to limit my downside risk. The stock carries a monstrous 23% short interest and has nearly $3 a share in cash. At the current after-hours price, the stock will be trading with a very reasonable forward P/E of 20 for the full year, while the company has said that 20% growth is still achievable for this year. Even if it...