ULTIMATE STOCK ALERTS ( search them up) has delivered some big winners already this year and I’m waiting for the next Nasdaq momentum play.
That means your 19 cent shares will be worthless but you will get a warrant to buy new shares at $30.
And they will open around $5.
I've been following trade alerts from the Penny Stock 101 org newsletter, and I've been consistanly beating the market. If you want to get an early jump on the fastest moving NASDAQ, NYES and OTC stocks signup now.Just on an email stating they have a new pick coming tomorrow!
ULTIMATE STOCK ALERTS (search them) looks like they are gonna deliver another big winner. I just cashed in on their last Nasdaq play.
Charting this to .40 and possibly to .50 before ER in March. If guidance proves right and they have stemmed losses while maintaining revenue, should course higher to perhaps .75. They need to show a continue trend of closing under-preforming stores and paying down of debt. Naturally if ER disappoints in the slightest, it's curtains for PacSun.
UltimateStockAlerts is one of the best enewsletters I have ever seen. (Google them). They have
had a string of winners and I have already added 30% to my trading account following them for
a few months.
I was a skeptic at first with all the board messages but these guys are the real deal. Just google
“UltimateStockAlerts” and sign up! Their last play was a home run for me.
The last play I got from ULTIMATE STOCK ALERTS (search them) killed it! I locked in 30% gains in less than 2 days. I was skeptical at first but they seem to be producing winners.
PacSun is transitioning away from brick & mortar and working to reduce their debt load. Analyst upgrades and positive guidance will have this back on track by March.
Sentiment: Strong Buy
Whatever your doing, stop it now and join ULTIMATE STOCK ALERTS (google them). I am serious, if you like to trade Nasdaq and nyse small cap momentum stocks this is a MUST DO.
To petition for bankruptcy protection....Liabilities have to exceed Assets.
The term loan (liability) exceeds the value of the Anaheim, CA (HQ) and Kansas (warehouse) real estate. (asset)
There is no positive Net Income. It's a Net Loss.
The lender (Golden Gate Capital) can put them into bankruptcy by refusing to modify/extend the term/refinance ....the loan THAT IS DUE IN DECEMBER.
The history of this "lender" (Golden Gate Capital) is that of leveraged buyouts and picking up companies in bankruptcy. (e.g.---Eddie Bauer) In other words, it is likely they will choose to take over a company that has already trimmed expenses, expanded e-commerce, etc.------rather than refinance the soon to mature loan.
PacSun is not selling the real estate because Golden Gate Capital does not want to be a "tenant" after they are awarded the company in bankruptcy court.
The only part that does not fit is the Greek investor(s) that hold such a large portion of the common stock...he's a former director of the company. Maybe he has an arrangement for an ownership interest and or position...after the company is taken over by the only possible bankruptcy bidder....Golden Gate Capital.
Trying to find an edge in the markets? I have 3 words. UltimateStockAlerts! Google them and sign up. You wont regret it. They only alert listed stocks (no otc) and their picks have been giving me average returns of around 15% per trade.
Warm weather hurt retailers.. why would it hurt PSUN?.. they should have picked up a few % on this. Chicago in Dec... 60's F??