Pacific Sunwear of California Inc. Message Board
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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.-
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
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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
!!!!!!!!!!!
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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
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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!!!!!!!!!!
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