Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Buckle
So what: Of course, that $2.50 belonged to shareholders to begin with, so I'm not sure it's really that big a deal. Once it pays out, the share price will likely drop by $2.50 in short order. So it's probably best if we just focus on the business.
Now what: Buckle joins a string of clothes sellers -- Target
That's gotta be good news for free cash flow, and it allows the company to enter the Christmas selling season in a position of strength. Lean inventories mean less need to offer discounts to move merchandise -- and promise plump profits in the quarter to come.
Want more information on Buckle? Add it to your watchlist.
Wal-Mart is a Motley Fool Inside Value selection, a Motley Fool Global Gains pick, and The Fool owns shares of Wal-Mart, but Fool contributor Rich Smith does not have any position in any company named above. Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.