hada good earning but as usual the freaking manupulators and crook staged a sell off so they can cash in on their short . but now after a short consoldition ZUMZ start to go highr
How about a PE of a whopping 84 and a 70% runup into earnings. Nothing less than overpriced and will correct accordingly.
And while you can correctly call ZUMZ a growth stock, I agree that it is overpriced. Still, 33 would not have surprised me after the earnings and guidance. I sure would hate to have to stake my claim on a niche teen retailer whose fortunes are tied to consumer trends, fickle young people fashion fads, and economic recovery.
"the freaking manupulators and crook staged a sell off so they can cash in on their short" Man, I was wondering what could possibly cause an absolute jewel like ZUMZ to sell off on such great news. Thanks! 35 by Christmas, yessirree!