Whoa there is a short ratio of 15.1? That seems to suggest that all of the negative predictions are already built into the stock price. If the earnings on the 18th is anything other than just out right terrible results, it would seem that there would be a short squeeze?
Actually PSUN was on my radar for a buy at somewhere between $2.00 and $2.25 a share! Do your own checking, don;t use the phone! ding, sing, sing, that is not the closing market, that is the fire alarm!!!! Do your own D & D I've not heard of one of you yanks on here talking about their net tangible assets losing 1/2 their value each of the last 3 years! Shorts, a good one to drop!
Sentiment: Strong Sell
YEP just like I said.. DUMP THE DOG.. OR LOSE ANOTHER 50%....hmmm i warned you.. ;)
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The market cap is only $30 million ..... get in on the ground floor.
Don't call him a "d***" for being bearish on the stock... He's exactly right. The numbers were so bad that it ruins any good news from the recent past. Now we're back to just wondering if this company will survive.
I have been looking into taking a position in small cap retail. However, upon researching PSUN I thought I'd warn about the financial situation this company is in. Unless they substantially increase cash flow they will not be able to continue operations without a secondary offering or increasing their debt even further. I'd rather go into a low overhead company like Tillys than PSUN.
They do have a revolving credit facility. It hardly gets used. They are going to close about 20 poor stores. Things are not great, but it seems to me that a turn around is the most likely outcome. A chain of 600 stores with a 200 million market cap can triple quickly with any positive newsI do think it will take 2 plus years to reach 12 to 15 bucks, I can wait.