My second to largest stock holding, Buffalo Wild Wings (BWLD) reported earnings this afternoon. Unlike last week when I predicted that another stock I owned would beat earnings (I was right) and the stock would go up (I was wrong), I decided to keep my mouth shut. Seems like it worked out OK, BWLD beat earnings estimates and said they are on track to meet their goals of 25% growth, pretty amazing in this economy. Even more amazing the stock is up about 5% in after hours trading, I guess sometimes the stock goes up when there’s good news, who knew. My initial target price for this stock was $40 and it’s getting pretty close, maybe time to sell and pay some credit card bills.
Sold at $40, looking to buyback on any dips.