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Pacific Sunwear of California Inc. Message Board

o08o.ugh64w 146 posts  |  Last Activity: 20 hours ago Member since: May 13, 2011
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  • o08o.ugh64w by o08o.ugh64w Jun 11, 2014 5:37 PM Flag

    Laurence Levy concluded, "The current demand environment is as good as we have seen in the last five years, with organic growth across our commodity mix now supplementing the market share gains that we have been able to capture over the last several years. Further, our recently completed refinancing reduces our combined cost of debt and preferred stock and provides us with cash flow flexibility to further invest in our business. We are excited about the introduction of our newest vessel in the second half of calendar 2015, which will allow for future organic growth and will be accretive to our profitability and earnings per share."

    If things are so wonderful, why are bigger losses being posted YOY?

    You're excited about the new vessel in the second half of next year? You think investors are going to give you that much of a leash with the numbers being posted? How much of a loss the remainder of this year and first half of 2015? And this new vessel is going to change things so much? Wait, I can imagine the excuses already..."...well, unfortunately the margins on the new vessel are not as good as we had hoped. We obviously financed it and have interest payments on the debt, and because { - fill in the blank - } expectations were not met, so we posted more losses". Prove me wrong - until then, my words are as good as management's.

    And, as in previous announcement, I love how all the text in the announcement discusses everything but what the bottom line number was - I wonder why?

    Garbage and more garbage. Eventually investors are going to get tired. There is little basis for the shares to be valued at $6, or $5, or even $4 - there are no profits and likely won't be any.

  • o08o.ugh64w by o08o.ugh64w Jun 11, 2014 4:57 PM Flag

    and well deserved!

    As folks are doing house cleaning of their portfolios, looking to sell the garbage and rotate into quality, ISNS certainly qualifies as stinky garbage.

    Shares could easily fall another 50% - because sales continue to decrease and losses continue to increase.

    Hey, where are they going to get new cash from? They will likely run out by Jan 1. They may be running on fumes right now.

    Ignore pumping Seeking Alpha authors.

  • Look folks - the shares are very strong here and people are buying blocks at $1.00 - there is not an endless supply of shares there.

    Once they run out it's a quick ride to $1.25.

    Put your money down now, or be crying in 6 months when you cannot believe you had the opportunity to buy shares at $1.00

  • o08o.ugh64w o08o.ugh64w Jun 10, 2014 8:49 PM Flag

    Oh absolutely - this stuff is not going to happen overnight and definitely not in the next couple years. However, to get to the point of a fully integrated system you evolve what you have and grow into it. There are many projects along the way and no doubt ITI is going to be involved with many of them.

    Anyhow, the NPR story just confirmed what most of us here already know - it's just really nice hearing other people in the industry beginning to talk about it.

  • o08o.ugh64w o08o.ugh64w Jun 10, 2014 2:44 PM Flag

    The future looks very good as government is well aware of the issues and the need to upgrade the highway infrastructure and fund these new/advanced projects. Industry is also well aware of the issues/challenges and will be making investments of their own.

    I was listening to a story on NPR over the weekend on Bill Ford's recent TED talk and it had to do with smart cars and the need to have a fully integrated transportation system - as far as cars communicating with each other, among other things. The thesis was that this will all be required because of the population growth and the numbers of people on the road driving - it will all be unmanageable without it. Smart cars are just going to bring even more people on to the highways - for example, old folks who can no longer drive, they will be on the road.

    The title of the talk is "How Does Henry Ford's Great-Grandson Envision The Future?" - if you google it the first link return is to the NPR site where you can listen to both the NPR story and the TED talk.

    As you listen, you can envision how ITI products/services can/will find a place in this future.

  • Reply to

    Thank you!!!

    by o08o.ugh64w May 20, 2014 12:28 PM
    o08o.ugh64w o08o.ugh64w Jun 9, 2014 1:34 PM Flag

    learn how to invest you dummy!

    that's a 25% gainer for me in just over 2 weeks.

  • Take the hint folks.

  • o08o.ugh64w o08o.ugh64w Jun 6, 2014 5:51 PM Flag

    Welcome! I go insane posting to myself around here!

    Anyhow, company is certainly small, but far from unproven...they've been around for 40 years. Company does not look to screw investors - on the contrary, management holds a nice size stake and if you check, you'll notice they don't sell. The last transactions recently were actually exercising options - and they did not sell the stock - they continue to hold.

    Further, management runs a tight ship - notice - there is no debt, expenses are low. Even when not profitable, they only post a small loss. They have been profitable, and will easily swing back to profitability by year end. They hit a bump in the road last year with their China distributor. Now it's resolved and sales are ramping up again in China. Further, I'm sure you saw the press release - they are now going to have additional sales/distribution which was not there previously...in addition to new European distribution announced earlier this year.

    End result - company is going to come back much stronger profitability-wise than they were before. Now is the time to be buying before they tell you that sales and earnings are returning - because by then, shares will be back to $1.25 and moving higher. By the trading, people are beginning to notice.

    In any case, again, welcome!

  • Reply to

    Picked up some more

    by shrewd_curmudgeon Jun 5, 2014 7:36 PM
    o08o.ugh64w o08o.ugh64w Jun 6, 2014 12:40 PM Flag

    congrats - that's a great buy/price.

    I have been watching things and I believe the market maker is just out there playing games trying to scare people into selling. shows this big 16,000 share ask, picks up shares from people tossing at the bid, then moves the bid and ask up a penny when he's gotten all he can. end of day and beginning of next day - he pushes it down again and starts the process all over again.

    eventually the game will end - likely once earnings come out in a couple weeks.

  • Reply to

    Slavie Bank...

    by citnitout Jun 3, 2014 12:42 PM
    o08o.ugh64w o08o.ugh64w Jun 4, 2014 12:41 PM Flag

    Great find - I see the story on Baltimore Business Journal site dated Monday.

    I would think there would have been an 8-K filing regarding this - it is material information - no?

    Anyhow, again, great find and good news for us.

    "Bay Bank completed a $7 million equity raise on May 15 to pursue the Slavie deal."

    And now we see the reason.

  • o08o.ugh64w by o08o.ugh64w Jun 4, 2014 9:43 AM Flag

    That's the only way to describe it

  • o08o.ugh64w by o08o.ugh64w Jun 4, 2014 9:33 AM Flag

    Look for dividend to be initiated by year end.

  • What did I say...$1.00 - and it will look cheap 3 and 6 months from now.

  • o08o.ugh64w by o08o.ugh64w May 30, 2014 3:55 PM Flag

    The game will end very soon

    Shares going over $1.00 during June.

  • o08o.ugh64w by o08o.ugh64w May 29, 2014 5:24 PM Flag

    The Nov 2012 agreement was for up to 2.5 million shares.

    I did a quick comparison of the outstanding shares from the 2012 10-K and the just completed 10-Q and the difference was about 1.6 million shares - that wouldn't include shares that have been purchased since March 31. So, it is possible that Ted put shares to them over the past several weeks and used up the remainder of the 2.5 million shares under the prior agreement - thus the impetus for the new agreement.

    This new agreement is for up to 3 million shares.

  • Reply to

    Come to me my little chickadees...

    by o08o.ugh64w May 27, 2014 2:57 PM
    o08o.ugh64w o08o.ugh64w May 29, 2014 2:13 PM Flag

    just speaking to anyone in general who is selling and reading.

    below $5 is a bargain, below the $4.92 they just floated the new shares for is an even bigger bargain.

    cheers

  • o08o.ugh64w by o08o.ugh64w May 28, 2014 12:39 PM Flag

    You shouldn't use corporate money or the corporate name in the press to make a personal statement.

    The press release, your statement, and the decision to spend more advertising on ESPN is no different than what loudmouth Nick Caporella does over at FIZZ.

    You're more than welcome to your own opinions - there's absolutely no reason to tie PRPH to them. If ESPN provides better advertising rates, better frequency, and translates into better sales then wonderful - spend more advertising with them. No need for the press release or getting involved with this.

  • shares going to need to take a breather

    $15.00 bottom?

  • You can sell if you like, but you're only going to get what I'm willing to pay you.

    What's your point of maximum pain? I'm willing to let the shares go there - are you?

  • o08o.ugh64w by o08o.ugh64w May 25, 2014 1:46 PM Flag

    5/22 Whitman 200 shares @ $19.90
    5/21 Miller 200 shares @ $19.60
    5/20 Miller 200 shares @ $19.75
    5/19 Miller 100 shares @ $19.99
    5/15 Miller 300 shares @ $19.57
    5/15 Miller 1325 shares @ $19.80
    5/14 Miller 500 shares @ $19.80

PSUN
2.19+0.05(+2.34%)12:12 PMEDT

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