http://biz.yahoo.com/ap/070206/pacific_sunwear_outlook.html?.v=1SSS 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.
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