Wanna feel even better? Look at a 5 year chart. Swoons and peaks are the norm. Timing is everything in any market and NOT rocket science to see here.
Why would the market expect super guidance for the next qtr when almost every other retailer on the planet failed to make numbers this quarter and guided down? So .... I suspect this was over done by a short ambush that will fade quickly once volume dies.
Management probably went very conservative based upon the guidance of other retailers, just in case.
I agree. Have not looked at this company as much as I should have, but after considering what you posted, I believe its a good candidate for a comeback in stock price. GL
ZUMZ is a stock that many love to hate. In the past, me included. I have stayed away from ZUMZ for a while. Revisiting it now, It is pretty surprising how its PE, Foward PE, PEG are now in line with real businesses and their PPS.
PE in the 16s, Forward PE in the 11s ?? ZUMZ looks attractively priced to me. I bought at 25, so I am a little underwater at current price 24.11. But I think that is still a decent price once the day traders get done with this.
They guided lower, not good. Don't forget, this was a $40 stock not that long ago.
Forward P/E is meaningless if a company is revising lower.
I also think high 23's- low 24's is where ZUMZ should find some support. However, bottoms are almost impossible to predict and could be significantly higher or lower.
LOL...Good to be able to scare Longs....I will cover my shorts in the next few days or when I see the sign of rebound...It might see $27's but not $29's again....GLTA
Shorts are in trouble here. This stock has been oversold for 2 months. And the whole WORLD knew that retailers were going to guide down. So the funds that understood what was going on bought in and now are averaging down when the volume jumped.
Now when May retail sales are announced this week, in comes the ETF money which will bring in the momo money and there won't be any stock available for those guys.
What a joke. Putting out a strong sell on a stock that has already capitulated on massive volume. Anybody that wanted to sell has already sold. These trolls that work for a so-called equity research firm need to actually have owned and traded stocks before in order to have some credibility.
The market will be green tomorrow waiting and following the Fed notes.
All worries have already been priced in. ZUMZ will jump up to $1 to high $25 easy then. GLTA
Sentiment: Strong Buy