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Pacific Sunwear of California Inc. Message Board

  • o08o.ugh64w o08o.ugh64w Nov 30, 2012 12:45 PM Flag

    Not all that bad

    Making progress, moving in the right direction. I don't think it would be realistic to expect a complete turnaround one quarter to the next. I also think management is being guarded/conservative with everything they say.

    Looking at the charts, year end through Q1 generally looks pretty strong as far as the stock goes.

    I think there were enough good possibilities discussed in the call to provide new growth/potential going forward.

    There's still work to be done, but I think the worst is behind the company.

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    • why such a violent market reaction?

      • 1 Reply to hairyape59
      • On the call management pointed to an extra week in the current quarter with usually slow sales against full SG&A costs.

        Apart from that the company is still in the midst of its turnaround efforts which are seemingly bearing some fruit so far but there's much more work ahead of them.

        Just read the transcript of the call on seekingalpha to learn more.

        Remember also that the stock made a huge comeback in the days before the earnings announcement so actually they only gave back the gains from the pre-earnings run-up and a few cents more.

        Valuation appears quite cheap down here and the balance sheet looks pretty much ok so risk tolerant investors might try the stock at this price point.

        But with two quarters with slow sales in front of the company the stock most likely will be dead money for some time.

    • I don't think the worse is behind them at all. Have you ever walked into a Pac Sun? There are dead and the only ones in there are the ones working there. Honestly I dont know how there still in business. Not to mention there clothes are so over prices. This stock is $1 and change for a reason. If I'm going to buy a cheap retailer would prefer ZQK.

0.0414-0.0086(-17.20%)Apr 13 4:00 PMEDT