Buffalo Wild Wings Is Becoming Enticing

I have had my eye on Buffalo Wild Wings (BWLD) for a few weeks. The company is growing at an annual rate of 20% for both sales and EPS.

Many people know that I closely follow chickenomics and chicken wing prices may have finally peaked. I watched as the stock rallied dramatically from $20 to $27.50 in 3 weeks time. There is clearly buying interest for BWLD but I expected a retreat in the stock price before taking any action.

With the stock now around $24, I am prepared to step in soon and start a position. I will let you know when I do so and add it to The Finance Professor's Club holdings right here on TheFinanceProfessor.com.

Comments

[CrossProfit:]

"The company is growing at an annual rate of 20% for both sales and EPS."

Are you sure about this? Please check your figures.

CrossProfit

2008 Apr 18 08:45 AM

[Ooga-Booga:]

When will investors realize that Buffalo Wings has a sportsbar atmosphere and crowds that drink beers, etc., in addition to eating chicken things, wings, burgers ,etc., and their profits do not just hang on the edge because of the price of fowl!

2008 Apr 18 03:48 PM