She single-handedly smacked down HOTT this morning - 'may be concerns' - keep your pie-hole shut, you dumb broad! Another case of a talking head causing panic in the market with exactly zero proof of any facts, just conjecture.
Shares of teen retailer Hot Topic Inc. (HOTT, $7.57, -$0.67, -8.13%) bucked the broader market trend Thursday. Janney Capital Markets analyst Adrienne Tennant noted there may be concerns about mall traffic not being favorable to specialty retailers in October, a more important month of the quarter for Hot Topic, which has a Halloween business. B. Riley's Jeff Van Sinderen called the pullback an opportunity for investors. He said the stock is a "great value" around current levels, as CEO Lisa Harper has made very positive changes at the company, which is turning around.
Tennant is entitled to her opinion. What bugs me as a small investor is nothing came up on news searches of Hot Topic earlier in the day. Not until I Googled Tennant's name could I find any explanation of anything. My next question is did she make the comments today or were they recycled into the Briefing story out of some earlier comments to explain the price drop?