>>Re: Does anyone have any ideas regarding the recent dip in the stock price?<<
I don't know. The 10-K did come out a couple of days before the dip, but I didn't see anything new or particularly negative there.
The 10-K did state that interest income from finance charges for receivables was $810,000 in FY97, which is almost a 50% increase over the $552,000 in FY96. (Presumably the receivables themselves increased a commensurate amount.) I understand that the receivables figures have spooked Wall Street before, notwithstanding the company's explanations (which appear reasonable IMHO).
The company is also asking shareholders to authorize an increase in the total number of shares to 40 million. The company noted that, among other things, such an authorization could be used to fend off a hostile takeover. Yet the company stated that it is not aware of anyone planning such a move.
So perhaps the dip was, as Daniel suggested, "just the end of the quick rise" that followed the stock buy-back announcement. Maybe some people wanted to take their profits and run. Who knows? In the absence of any news, that appears to be as good an explanation as any.
In any event, I am glad that the stock had a strong upward move yesterday, notwithstanding Alan Greenspan's little poke at the market. By the way, for anyone who missed it back in June, here is a link to Online Investor's writeup regarding BIKE:
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