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Pacific Sunwear of California Inc. Message Board

  • jackdnls76 jackdnls76 Apr 24, 2004 9:32 PM Flag

    PacSun looks very strong.........

    ....... though the stock price doesn't reflect it!
    According to Standard & Poors............The traffic continues to be healthly at PSUN, and the d.e.m.o. unit is proving to be a significant growth driver as business is brisk!
    PSUN plans to add 110 new stores this year, 10 more then originally intended!
    The board of directors recently authorized the buyback of 2.5 million shares of their stock!
    By 2007 the companies goal is to widen store base to include 1,400 locations........with 1,000 PSUN stores........and 400 d.e.m.o. units!
    I didn't read anything negitive about the company....... so as to why the institutions were selling this stock, I don't have an answer.

 
PSUN
2.00+0.07(+3.63%)Sep 19 4:00 PMEDT

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