I think decent quarter, with mild guidance....mgmt was never upbeat on guidance, and why would they be...and I like that. I am long and staying in. One thing I don't like is that derivative liability, and am wondering how can they get rid of that axe...
income from continuing operations for the second quarter of fiscal 2013 was $1.2 million, or $0.02 per diluted share, not a 0.02 loss as reported....so earnings were beat, revenue inline....lets see the what they say on the call
I've been visiting PACSUN outlet store on LI for the past 3 yrs now, and never before did I see people lined up at registers, lot less people walking in that outlet mall with PACSUN bags. Two weeks ago I saw at least ten people with bags, and the store was full of teenagers with backed up lines at registers. Spoke to a sales person, and she told me they did not carry Jenner's items, but the sales were anyway thru the roof. About Jenner's line, she said that stores that had them, they went out the door before they got in. My wife bought few items for her nieces (11 & 13). They both went berserk, went to a pool party next weekend with the hottest dresses. PSUN buzz is alive and well and it spreads like a storm. Now, let's see the earnings on 19th.
That train has left the station with no passengers, only few train hoppers with their pants down could be seen