The Chinese Yuan devaluation will have a significant positive impact on (PSUN) profits margins. The Chinese devaluation of their currency will allow the "cost of manufactured goods" to decline at the wholesale level while retail prices remain stable to higher. This ongoing devaluation of the Yuan is an excellent opportunity to begin building or adding to long positions in (PSUN) at historic price levels last seen in 1995.
Sentiment: Strong Buy
They do have the liquidity necessary to continue forward. With back-to-school going on right now and Black Friday and Holiday shopping just three months away this is the time of the year in which they will at least break even, if not earn a little bottom-line profit. So the BK fears can wait until 2016 since they have $25+mm in cash-on-hand.
I have heard the same thing about pacific s.w. My guess is that this is while we are seeing a move higher today. This is one of those catalysts that if we don't act now we will regret if six months from now. Great post and thanks for the confirmation of the whispers that are going on..
Sentiment: Strong Buy
The stock really popped 18% yesterday afternoon in late trading, and has not given back more than a penny of those gains today. The whole market is down a percent today, and this stock is holding up nicely. That means there are still a lot of buyers to hold up the price regardless of market direction... a very bullish sign.
Irresponsible imo for them to allow the stock to taken down like this without a comment. They know last Q's results and they know the financial situation. They are either teetering on the edge of a pre-packaged bankruptcy, or they had good results and are allowing Wall Street to take shares cheaply from shareholders who are exiting with big losses on a % basis.
Probably time for new management either way imo.
Sentiment: Strong Sell
There must be a large shareholder or institution that is trying to liquidate a sizable position. There just aren't enough buyers to offset the supply being thrown out to the market at any price. Don't try to put in a bid until it bounces off a bottom and holds it for at least a day or two.
see the decline in cash for youself;
Feb 2, 2013......$48.7M (debt around $79M)
Jan 31, 2015....$22.6M
May 2, 2015.....$15.2M (debt over $95M)
For the 27 months, from Feb 2, 2013 to May 2, 2015, cash has fallen $33.5M while debt has climbed $16M.
That's like burning the candle from both ends!
công ty Pacific Sunwear of California Message Board
Translation: The Company....
Accurate, but an oddity for the board. I only see this on PSUN and none other.
Standard operating procedure from here on out folks...
- shares go sub-$1.00
- a few days of bouncing above/below
- thrust below $1.00 for good
- 30 days below $1.00
- delisting notification
- company gives standard verbiage about steps/plan to remain compliant
- bankruptcy before anything happens
If you are an investor, you sell now, take your lumps and move on.
If you are a gambler, have fun daytrading ... just don't get caught sleeping while holding the shares - you will get stuck with a loss.
Yes. Much. The upside down flag symbolizes distress traditionally and has been used by left-wing protesters in urban areas to reflect anti-american sentiment. People who wear the flag on their lapel or yes, even socks, do so out of patriotism.
I haven't posted here in a bit. To be honest as this stock approached $1 I took it off my radar. In my opinion it's gambling now and not investing. Should it have declined as much as it has in the past few months? I wouldn't have thought so, I thought the bottom may be the low $1's.
My advice going forward is that I have no advice. Good luck to all.
will you take your chips off the table now and spare something, or will you sit back and watch the long/slow slide towards delisting and bankruptcy?
same as WTSL from here on.
- decreasing sales
- increasing debt
- decreasing cash
- negative book value
- earnings estimates being lowered (increasing losses)
lots of worries here unless you are deaf, dumb, and blind