HAST
P/E (ttm): 9.09
PERIOD ENDING ....31-Oct-07 .31-Jul-07 .30-Apr-07..31-Jan-07
Retained Earnings..70,074 ... 70,000 .... 68,131 ... 66,485 <-----
Total Revenue ....122,275 .. 125,905 .. 128,012 ... 174,190
Sale (Buy) Stock .(1,959) .....(939)..... (492) .....(279) <======
Net Borrowings...... 787 .. (3,722) .....4,828 . (17,734) <------
Qtrly Revenue Growth (yoy): -1.50% <---fair/poor
Qtrly Earnings Growth (yoy): 13.80% <---good
Total Debt (mrq): 40.62M <--------7.4% of revenue...fair
Short % of Float (as of 11-Mar-08): 1.30%
http://stockcharts.com/charts/gallery.html?HAST
big UN-BACK-FILLED gap at $5.50 from mar2006....unless the SPIN from the
$600 rebate bounces this stock off $6.50/6.75
Hastings Entertainment, Inc., together with its subsidiaries, operates as
a multimedia entertainment retailer. It operates entertainment
superstores that buy, sell, trade, and rent various home entertainment
products, including books, music, software, periodicals, new and used
CDs, DVDs, video games and videocassettes, video game consoles, and DVD
players. The company's stores also offer consumables and boutique
products, such as apparel, T-****rts, action figures, posters, and
greeting cards. In addition, it operates an e-commerce Internet Web site,
gohastings.com that offers a selection of books, music, software,
videocassettes, video games, and DVDs. As of March 31, 2007, the company
operated 154 stores in 20 states, primarily in the western and midwestern
United States. Hastings Entertainment, Inc. was founded in 1968 and is
headquartered in Amarillo, Texas.
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from the 10Q quarterly re****t:
Video Game Comps increased 34.0%, which was attributable to strong sales
of gaming systems, as well as the September release of XBOX 360 title
Halo
Movie Comps increased 7.6%, which was primarily attributable to increased
sales of both new and used DVDs
Rental Comps decreased 1.4% from the same period last year due to fewer
titles released with gross box office revenues in the range of $20
million to $80 million which typically represent our strongest renters.
The primary driver of the decrease in Rental Comps is the ****ft of
consumer preference towards buying DVDs and games instead of renting
Comps for the Trends department, formerly called Boutique, rose 22.8% due
to strong sales of apparel and toys. The key categories driving apparel
sales included bags and backpacks, t-****rts, and footwear. Trends also
experienced strong sales of toys, including seasonal merchandise related
to Halloween and to Harry Potter merchandise. Electronics department
Comps increased 30.8% from the same period last year, primarily as a
result of strong sales of iPods, MP3 players and related accessories, as
well as increased sales of third-party gift cards.
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