Has anyone read the April 3rd report on Parlux from Wedbush Morgan?They lowered revenue expectations for Guess and Perry Ellis sales.I guess that is why the stock is dropping.Any comments?You can get the report on Yahoo finance by clicking on research reports.
Last Q, the company's international sales jumped to 50% of all sales, which is the real reason that the management has been so confident with the business outlooks - the breakthrough on the international markets are wide and very significant, and the growth momentum is unstoppable. And that is what will eventually break the backs of all shorts.
The big bets on the downside in sales are just so stupid. The US market might be a tiny bit weak, but the company is going after the much stronger markets worldwide.