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Pacific Sunwear of California Inc. Message Board

  • dmv71 dmv71 Mar 2, 1999 5:56 PM Flag

    PSUN will go to the roof

    PSUN stocks will go to the roof tomorrow, so buy
    them as early in the morning as possible. PSUN beat
    estimates by .02, and it will be having e-commerce site. If
    internet mania is still in effect, this stock will go up
    like a rocket. What a COMPANY! There is no end in
    sight for this company. I had recommended to buy this
    stock yesterday if someone wanted to make a couple of
    bucks, but I now say if you want to make "mucho" bucks,
    then buy as early in the morning as possible.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • around the opening may be the "highest" prices
      you will see on Wednesday of PSUN shares, not the
      lowest as you infer in your post.

      While I
      certainly wish I had stayed long longer than when I sold,
      bear in mind it's now at about 29 X earnings, not the
      11 to 13 X it was when I bought it late in November
      and early in December. That's not sour grapes. It's
      fact. Yes, I sold it early on, but there are quite a
      few other apparel retailers selling at far under the
      29 PE of PSUN. Do I think it will carry higher from
      here? Probably, but only because it's operating under
      the "greater fool theory" at this point. And for
      those of you not knowing what the "greater fool theory"
      it's that a buyer tomorrow feels there are still
      "greater fools than him" to sell PSUN to at even higher
      prices.

      Everyone is "euphoric" and happy that PSUN attained goals
      that even the ANALysts didn't see a few months back
      and I congratulate everyone for the patience of
      staying with PSUN to this point, but sit back and reflect
      about what you are seeking and what you have already
      gained. With a 29 PE, is PSUN going to continue to march
      along at this pace? I won't answer that. I've been
      wrong on the sell side of this one, but not wrong on
      the buy side. I was one of the proponents of
      acquiring PSUN when it was a step child. But when I bought
      it, it was a "straw hat in the winter" which nobody
      wants. But now, it's matured and selling at 2 1/2 X the
      price it fetched in early December. This isn't a
      Microsoft that has a technology that will enable this to
      double every year, 5, 6, or maybe more years in a row.
      This is a retailer, given a very successful retailer
      that earns a substantial net after taxes, far
      exceeding other retailers, but it's a retailer and not a
      "proprietary" technology. Remember that.

      I wish all
      well. And no I'm not going to suggest a swap for PSUN
      shares. I'm simply suggesting that all longs sit back,
      review where you are, what your goals were, and what
      they should be from here forward. The momentum will be
      with you tomorrow just as though you were in a race
      and the wind was at your back.

      Think, reflect
      and look hard at PSUN, how far it's come and what is
      truly the upside from here.

      Have a great day
      everyone on Wednesday.

      Pickle 007

      • 4 Replies to Pickle_007
      • You seem somewhat thoughtful about your stock
        choices. What's your take on THQI, a software game
        producer. Seems very undervalued. Possibly MM have held
        their way with it for a while but the fundamentals seem
        great.

        On other news, Why? What are we doing here at 30+.
        Didn't that 1.6% drop in January mean anything ??? What
        ever is going ON.

        PSun Fan
        TW

      • I have sat back and reflected on the fair price
        of PSUN. Last four quarters EPS total $1.10. At a
        fair P/E of, say 35, PSUN is worth 38.5 right now. A
        little "euphoria" might send it higher. If it tops 40 by
        the end of March, I'll sell.

      • Pickle, you stirred it up again and made people
        defensive, and rightfully so. I have to disagree with about
        ever sentence you stated in your post, let me point
        out a few if you don't mind.
        As one poster stated
        after your post, the market indeed is more intrested in
        revenue than earnings right now, I think that has to do
        with internet companies so much in the light right
        now. Anyhow, you said:


        " But when I bought
        it, it was a "straw hat in the winter" which nobody
        wants.
        But now, it's matured and selling at 2 1/2 X the
        price it fetched in early December."


        PSUN
        didn't "mature" from December to March....it has been
        Maturing over the last 5 years and what happened in
        December was panic selling on a great company, allowing
        people like myself to buy PSUN "on sale"..This company
        hasn't grown from 16.5 to 30 in 3 months....it has been
        growing alot longer than that, so before the big drop
        from 24 to 16.5, we have only moved up 25% and we have
        alot further to go!


        "This isn't a Microsoft
        that has a technology that will enable this to double
        every year,
        5, 6, or maybe more years in a row.
        This is a retailer, given a very successful
        retailer
        that earns a substantial net after taxes, far
        exceeding other retailers, but it's a retailer
        and not
        a "proprietary" technology. Remember
        that."


        True..so very true and did you also remember Walmart is
        also "just a retailer" who last year grew more than
        Microsoft?...did I mention the GAP also?

        I respect your
        comments, but not your "trading" methods. You seem to look
        for companies that are low, jump in, get a few
        dollars and move to another. To each their own, but I
        look for companies that are stronger than most of
        their competitors and wait for a good price to get
        in...then I sit back and relax....untill something tells me
        to sell...so far I have no signals to sell
        PSUN..granted I almost sold the other day before earnings just
        because of how much I made so soon, but after I went back
        and looked at the facts, not the fear of losing
        money, I came to the conclusion that I should still
        remain LONG on PSUN!

        Good Luck Pickle on your
        trading, but if you remember about a month or less ago, I
        also told you when PSUN was 25-26, that you should
        consider getting back in....and I'll suggest again!

      • PE's don't mean nothing in today's
        market.

        The market want growth without
        LIABILTIES.

        PSUN has shown growth for three years and will
        continue to grow.

        The e-commerce will be handled by
        forming a subsidary. Thus not taxing there existing
        management with non-core enterprises.

        PSUN had a PE
        of about 40 before the downgrades for possible
        nonperformance(lack of earnings) ---- well --- PSUN performs !!!!
        expect a PE of 40 again, real soon

        Look at ANF if
        you think an apparel company can't have a high PE and
        they don't have the growth potenial of PSUN
        !!!!!!!!!!!

    • Give it up please! PSUN will most likely be down tomorrow. What do you think of that? You are no stock guru. Leave the hype off this and other boards.

      • 3 Replies to RiP_C0Rd
      • What else can I say about your statement about
        me, now that PSUN's stocks went up more thatn $2
        today, instead of going down like you had said. I
        thought you knew something, but I guess not. It's O.K.
        RiP CORD. No one is perfect. Just don't quit your
        daytime job to become a "stock guru."

      • You are right. I am not a stock guru. I have
        never claimed to be one, and I never will. As regard to
        your comment about my hyping the stock, we will see
        what will happen tomorrow. I seriously doubt PSUN will
        go down tomorrow given the FACTS that it beat
        earning estimates by .02, and it will go into e-commerce
        business starting this summer. However, nothing is for
        sure. You might know something about this stock that
        others might not. If you are right, then you might want
        to become a "stock guru," and make a living out of
        it. Time will tell.

      • Well, I think we will see more $$$ real
        soon..everyone here is upbeat, but Rip Curl...But then I believe
        that's because Rip Curl doesn't own any shares...didn't
        take the time to buy any, was too busy trying to find
        a cool name to use...you don't look too cool now
        rippy boy!! Try this name Rip.......LOSER!!!!!!!!!!

 
PSUN
2.24-0.03(-1.32%)Jul 11 4:00 PMEDT

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