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PriceSmart Inc. Message Board

  • purple_foo_dog purple_foo_dog Jul 10, 2012 3:55 PM Flag

    A peculiar market?

    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?

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PSMT
96.91-0.66(-0.68%)Jul 31 4:00 PMEDT