It sure is a peculiar market. PSMT misses quarterly earnings (52 versus 59 cents) and the broader market is weak (down 1%). Sales growth is just under analyst estimates and its earnings are below last year's levels. PSMT sports a pretty high Price/Earnings ratio (~30) based on rapidly growing earnings prospects.
After the company fails to deliver, you would think the share price should be pretty vulnerable. Yet the stock is up over 5% today. Go Figure?