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So what happened?Investors were unimpressed with BWS 2Q 2014 earnings, as the company beat EPS estimates by $0.06 but missed revenue estimates by $1.78 million. Judging from the price action that followed, it appears investors were expecting a repeat of aOlernKienOP
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Source: 2Q 2014 earnings aOlernKienOP
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As you can see up above, 2Q 2014 wasn’t nearly as impressive. Again, sales were mostly driven by the Famous Footwear and Wholesale divisions but aOlernKienOP
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To me, the disparity in growth was the biggest driver for the drop in share price over the last month or so. But is it really warranted? After all, the company’s results were in aOlernKienOP
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So why buy the dip?As stated above, the overall steady growth story for BWS is still there and the numbers are still in line with the guidance from management. From a valuation standpoint, the stock aOlernKienOP
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