Pricesmart reported a 1.4% increase in same-store sales for June, on top of a 20% increase last June. They have been a clear out-performer throughout the recession, but growth has slowed significantly over the last year. See details at http://retailsails.com/2009/07/07/pricesmart-june-same-store-sales/
I got out a couple of months ago (at 19) because I believed this was coming. This is a disturbing trend for a small company. We'll see.
I just sold more than half of my position. The company is very well positioned for the future, but in the current volatile market, I'm happy taking my gains where I can.We'll see how long I can continue to do this in and out trading. So far, it's helping to pay for dates.Really curious about the earnings due out in just two days. Although I think results will be good, I think the market will not react well.