BKE Monthly Numbers Improve

Comps were still negative, but they were sharply better than expected and better than the terrible numbers recently reported.  I have been very disappointed with the action here but find the stock to oversold to pare.  The company also reported that it repurchased a slug of stock near 24.  Overall sales, which don't include online, were slightly positive due to some store openings, so it's nice to see some growth.  I believe that the hot summer and competitive pressure from ANF were the main culprits of late and intend to give the stock a chance to recover.