Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: TheSmay Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 278  
Subject: PSUN floundering Date: 2/7/2007 12:17 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
http://biz.yahoo.com/ap/070206/pacific_sunwear_outlook.html?.v=1

SSS have declined once again, even though they had an extra week to work with this year. Lowered 4th Q guidance, I think everyone has seen this coming. Now they're going to close 74 DEMO stores, the only positive (longterm) in this whole release.

The stock may actually get a pop if the street views the closing of the under performing DEMO's a positive. Personally, I may take the opportunity to short some shares. I visited one of the PSUN's in my area and talked to the manager. He was just happy the doors were still open and he was still getting paid, not a ringing endorsement for sales figures. I also checked out the new lines for spring, mainly board shorts, and they looked awful. The only encouraging thing I saw once again was that their Kirra line actually looked better than the name brands.

Good luck with your investments.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement