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Pacific Sunwear of California Inc. Message Board

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  • isnides isnides Dec 19, 2012 2:40 PM Flag

    Eventual Ch.11 still more likely than not.

    Really, bankruptcy with increasing cash on hand and decreasing Sg costs quarter after quarter? The second part of your analysis is an opinion only. The third part is wrong, the balance sheet actually, the last quarter, progressed to profitability with each quarter beating the quarter before it. I suppose a buyout is possible but a crapshoot, at these prices, is another opinion my friend. My thinking is management sand bagged on the 4Q numbers and we should climb into the earnings. Stay tuned…

    Sentiment: Buy

 
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