One Stock Left Behind Today (BKE)

Shares of The Buckle Inc. BKE are bucking (absolutely no pun intended) the buoyant mood on Wall Street today by trading down 37 cents, or 1.34%, to $27.18. The stock has had a rough time lately-down 14.8% over the last month and 27.5% over the last three months. The Buckle disappointed investors in early July when it reported June same-store sales were down 7.3% versus the 0.3% decline analysts had expected. That helped send the stock into its downtrend, from which it has yet to recover. Value investors may soon start to get interested in this name. The stock is trading near its 52-week low and offers an annual dividend yield of 2.90%. Also, the stock trades for less than 10 times next year's earnings estimates. The balance sheet is rock solid with $154 million in cash and zero debt. The company's current ratio is above 3. One more point: The short interest is currently 31%. So, any reversal or good news that may come out could potentially spark a short squeeze. I'm keeping my eye on The Buckle because I think Mr. Market may be a bit too pessimistic on this quality name.