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Pacific Sunwear of California Inc. Message Board

  • TurboFoolX TurboFoolX Jul 18, 1998 6:18 PM Flag

    new to the board...

    hello all. i am 14, so i can tell you that nobody
    in this generation likes macy's or nordstrom's or
    any store like that because of two reasons...
    1)
    all they have are expensive brands like polo or
    nautica. $40 for a t-shirt is a lot of money for somebody
    who has a monthly allowance.
    2) usually whenever a
    bunch of teens walk in as a group, they
    are thrown
    out because it "makes all of the other shoppers
    uneasy."

    if ever there was a macy's and a pacific sunwear
    side-by-side i can guarantee you that almost every teen
    surveyed would go into the pacific sunwear.

    oh
    yeah... besides those reasons i am bullish because stores
    are popping up everywhere, its profits are growing
    steadily, and a bunch of analysts still kinda like it.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Greenspan gets up and makes a speech and down we
      go again. It happens every time he opens his mouth.
      I'm beginning to think that the SEC needs to give him
      a lie detector test to see if he does this to send
      stocks into a nosedive for the benefit of a few select
      friends. In any event the government needs to order him to
      speak in private and quit manipulating the market
      whether intentional or incidental. The facts speak for
      themselves. He has just about a perfect record of making
      stocks go down thru his speeches and everybody is
      getting darn tired of it.

      Now with that said, do
      not worry one bit about PSUN. In fact, it is a good
      buying opportunity for a bottom fisher because according
      to my stock analyst who is great this stock is super
      cheap with good prospects for enormous growth both in
      sales and income going forward from right now into the
      forseeable future. Buy the stuff and the odds are great that
      you will do very well. I have bought some calls and I
      just might buy some more.
      Good Luck to every one of
      you who are in PSUN.

    • Hello all!!!!
      It's nice to have a stock where
      all investors are happy. Anyway, to the subject at
      hand. PSUN management has displayed a steady growth
      pattern. If management can keep things under control, we
      will all see a much higher stock price. Most people do
      not know about PSUN. The company only has about 25-30
      million shares outstanding and if the street wants this
      stock-----WATCH OUT. If the company beats the street this quarter
      in a tradtionally down time for retailers----WATCH
      OUT. The company is good for another long upward trade
      but once they hit 350 stores it will be difficult to
      keep expanding.Any thoughts are welcomed.

      • 1 Reply to m1oreo
      • M1oreo:

        Welcome aboard!

        According
        to July 9th press release on June sales they expect
        to have 342 stores open by end of this fiscal year
        (Jan. 99). Greg Weaver's message to stockholders in the
        '97 annual report called for nearly 500 stores by the
        end of the year 2000. IMHO one of their strengths is
        the ability to scout good locations, get the
        demographics, and then sign a smart lease.

        Their ability
        to do the demographics and do it right is
        demonstrated in the new DEMO stores. They saw from their
        traffic and buying stats that they were missing certain
        customers so they came up with the new concept.


        There is a traveling regional team that scouts and
        proposes new store locations to management. After the
        demographics have been developed management ranks new store
        sites according to potential. Management then selects
        which stores to proceed with and the real estate
        department negotiates a lease. When they open the doors they
        have a sales plan and concrete expectations of the
        location.

        Management isn't going to open a new site
        if they cannot provide product to it! Earlier this
        year they completed and moved into the new 176,000 sq
        ft warehouse and distribution center in Anaheim
        which is capable of supporting over 700 stores. The '97
        annual report also mentioned that they are ramping up
        for 60 - 75 store openings per year for several
        years.

        Given their cash position and no debt I am curious why
        you believe that the 350 store level will be a
        resistance point?

        Long on PSUN and happy!
        Byelow

 
PSUN
1.60-0.01(-0.62%)Oct 21 4:00 PMEDT

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