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The Wet Seal, AŞ Message Board

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  • becarefulwhatyoupay becarefulwhatyoupay Jan 10, 2008 11:32 PM Flag

    I bought 25,000 shares this morning

    I have no idea whether WTSLA's Feb-March-April etc...selling months will be strong. Nobody does.
    However, it is my understanding that as of November Wet Seal had reasonably good control of existing inventory and that excessive Fall-Winter inventory amounts would not be a problem for the December-January selling period. This means Wet Seal should have a nice clean foundation from which in to take in new Spring '08 merchandise and try to achieve good margin sell throughs to improve profitabilty going forward.
    I can't answer as to the success potential of the new incoming inventory saleability. However I am certain that Edmond Thomas's first priority when he came on board in October was to review with company buyers and merchandisers their Spring '08 future orders to check and double check that the company was on target with their fashion direction.
    I own Wet Seal stock and am willing to take a gamble that the company will be improving their merchandise, giving themselves a good shot at increasing same store sales.