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Pacific Sunwear of California Inc. Message Board

longtimefollower 3 posts  |  Last Activity: Oct 15, 2016 8:51 PM Member since: May 12, 2000
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  • longtimefollower by longtimefollower Oct 15, 2016 8:51 PM Flag

    Thank God for Tim Stabosz. (Lol)

  • longtimefollower by longtimefollower Aug 1, 2016 10:48 PM Flag

    I've been out since early this year, and i'm staying out.

    I hate to say this, but they really deserve this outcome. Their credibility was completely destroyed, with quarter after quarter after quarter of failed promises, shameless excuses, rationalizations, and MANIPULATIONS of the investment community....and it will be a very tall order, imho, for them to complete a deal with TDK by the deadline date, or refinance the debt due in early 2017.

    The company has existed as a CAPTIVE SLAVE to Seagate and WDC for years now. It has no independent pricing power....and now it is LOSING sales...despite absolute assurances from this "bube squad" managment team of "market share gains." I feel like a complete sucker for having believed all of their drivel.

    Nothing these guys have EVER projected, in like the last 7 years, has come to fruition. The management and board here have been so "incestuous," over the years, that there is just no outside perspective. It's like lemmings walking off a cliff basically. One of the worst managed companies I've ever been involved in. Basically more of an "engineers' clearinghouse," than a bonafide operating entity.

    This should have been sold YEARS ago.....but it was too important for them to maintain independence. Now, they will rightly pay the price of the humiliation of a bankruptcy on their hands.

    Sad, tragic, and outrageous. A complete farce.

  • ...are sticking. June 1st and july 1st

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