Missing sales and expense of opening new stores. I am a site superintendent building Aeropostals and American Eagles and these stores are expensive to build. They are trying to open 8-10 stores this year. This is ambitious for JJ's.
The overreaction to the PPS on Friday is due to short sellers...that's all. The earnings estimates were in-line...but shorts found an opportunity and took it.
They'll be gone except for that lame outofasswipes. He seems to enjoy misery. Loser!
A poor sale qtr can give the shorts a chance but if the business model still valid and not in heavy debt, the stock can usually get back on its feets again. Look at quantum, late last year fell back to near a dollar but now near to $3. Same thing with finisar, plunge to $12 but now close to $40. VVTV also fell near to a dollar but now above $6. All these stocks plunged late last year all due to earning miss but now gone up many times.