Tuesday, February 20, 2007

Stifel Nicolaus Said Build-A-Bear (BBW0 Could Be A Takeover Tgt Below $30

Stifel Nicolaus defends Build-A-Bear Workshop Inc. (NYSE: BBW) following weak results and guidance. Analyst David Schick said, "Buy this stock. Yes, we know, comp is worsening against easing comparisons - that's not good. But we think either (a) improving momentum and tie-in learnings or (b) go private will be the outcomes from here."
Schick also said, "BBW makes good margin and great cash flow with retail/entertainment expertise. We believe the company could and should be private if it remains under $30, and better momentum should occur in 2Q07."

The firm maintains its Buy rating and $36 price target.

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