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Pacific Sunwear of California Inc. Message Board

  • hbaumann61 hbaumann61 May 17, 2012 10:26 AM Flag

    Earnings surprise??

    Short squeeze in AH ?

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    • lol, I had you pegged as a pumper. But miraculously, I think you'll turn out to be right. :)

    • blue_devil_ninetynine blue_devil_ninetynine May 17, 2012 10:32 AM Flag

      I'm long this stock, but I don't think there's any way it can be a positive surprise. In fact, I don't even know how they gave such a wide spread for same-store comps on their last call. The call was in mid-March, two weeks before the end of the quarter, and the guidance they gave was between -4% and +1%, but in Q&A, they clarified that currently they were at the low end of guidance. If you're at the low end of guidance with two weeks to go, how can the range be so wide? I expect them to come in a -3% or at most -2% on same store comps. The big question is what guidance they'll give for Q2. If it's minus 4 to plus 1 again, I think the stock will go down. Minus 2 to plus 2 should keep it steady. Minus 1 to plus 4 should take it up, and keep it going up until next earnings. So honestly, I'm a bit pessimistic going into this call. That said, I would absolutely LOVE for them to give a positive surprise. God knows I've waited long enough for it.

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