08.21.07
Hastings (HAST) Posts Enviable Earnings
Not bad considering that music sales were down big. Rick Munarriz has a decent take on the earnings announcement over at The Motley Fool.
Hastings (HAST: $7.97 -0.50%, market cap: $81.7M), currently selling around $7 per share, is a scrappy little retailer that sells books, music, movies, video games, and rents movies and video games. The company is cheap when compared to its book value or earnings. I generally think management is competent, although the company should institute a dividend to better allocate capital.
Disclosure: I own Hastings stock. My disclosure policy always beats analyst estimates.