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Message Boards Settings Briggs & Stratton Corp. (BGG) - Quote Info
Re: A Call on Earnings this week     23-Oct-09 04:27 pm    
Mr. Silver&Gold is right. The price of B&S is too high by any reasonable measure of value, But I think it is unlikely to drop anytime soon and could go even higher.
As of 9/25, Short sellers were committed to purchasing 7,550,000 shares of BGG to cover their positions. So even if investors stop buying BGG for their portfolios, every time BGG share prices start to drop, that 7.5 million share order is poised to grab what they can get. Such a huge pool of committed buyers keeps share prices from falling much.

The it is almost the perfect set-up for a short squeeze. One nugget of good news and the price explodes.

We were very happy to sell our shares for $19.75, but I can still see that in the short term, the sky's the limit on the price of BGG. It has little to do with per/share value, it is only the past speculation of short sellers, being forced to admit that BGG is not Bankrupt that supports and could drive BGG to even less reasonable heights.
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Here's a pretty interesting report on BGG's upcoming ea...
saf_nyc Rate it 19-Oct-09 09:51 am  
 
I agree. This stock is way, way overbought. The RS...
mrsilverand... (1 Rating) 21-Oct-09 04:18 pm  
 
Re: A Call on Earnings this week
noyopacific Not rated 23-Oct-09 04:27 pm  
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Briggs & Stratton Corp. (BGG)

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