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Pacific Sunwear of California Inc. Message Board

o08o.ugh64w 253 posts  |  Last Activity: Feb 19, 2015 4:35 PM Member since: May 13, 2011
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  • Reply to

    NHLD

    by o08o.ugh64w Dec 30, 2014 10:01 AM
    o08o.ugh64w o08o.ugh64w Jan 5, 2015 4:06 PM Flag

    Read the news today...as expected they announced the reverse split and will uplist to national exchange.

    I'm buying on weakness...there's no reason for folks to be selling on the reverse split announcement - look at the earnings.

  • Reply to

    STXS

    by who_gnu_1235 Dec 9, 2014 10:15 AM
    o08o.ugh64w o08o.ugh64w Jan 5, 2015 11:07 AM Flag

    good job on all the profits - I've been taking some today myself.

  • Reply to

    LaGrange/Garrett Concede

    by o08o.ugh64w Jan 2, 2015 4:11 PM
    o08o.ugh64w o08o.ugh64w Jan 4, 2015 1:32 PM Flag

    Wise was putting forth the right vision for the future and that is why he won. As Frank's vision of selling off the existing business came to light, claiming it was their fiduciary responsibility, and that his and management's expertise was in other areas, that is when he lost it. If Frank and the others' expertise is in other business areas, then that is an indication for Frank and management to be fired and find new jobs, not to construct the business (the shareholders' business) to meet their (perceived) areas of expertise.

    Wise clearly has expertise in the production and operational aspects of the business. Executing his plan and eliminating all the excessive expenses that Frank and crew were generating will lead to solid profitability within a few quarters.

    The uncertainty is now out of the way, and we can move ahead.

    Shares will trend higher through the year.

  • Reply to

    UCO - buy write

    by who_gnu_1235 Jan 2, 2015 10:54 AM
    o08o.ugh64w o08o.ugh64w Jan 3, 2015 11:28 AM Flag

    my concern in these situations is if the price moves against you and you're left holding something you're really not happy about holding.

    when I'm playing for short-term gains, my first thought is always "if I get stuck with it for any reason, will I mind holding it long-term, and will I be ok with buying more"? with anything oil right now I don't feel comfortable.

    with most all of the insider plays I'm jumping into, if I get stuck holding I'm ok with them - most often it's become a bigger buy. if that's not the case, I probably won't buy in the first place. I've also dialed back my risk tolerance (if it hasn't been extremely obvious) and continue slowly scaling in to everything and that's been working extremely well. I find myself playing games with market makers in a few of them, but I've got them pretty well figured out and once I get in sync with how the shares move, then it's easy.

  • o08o.ugh64w by o08o.ugh64w Jan 2, 2015 4:11 PM Flag

    At least they didn't make stupid statements and took the defeat like men.

  • Reply to

    Wise thinks his slate won

    by freeze.dried_mule Dec 30, 2014 9:57 AM
    o08o.ugh64w o08o.ugh64w Jan 1, 2015 6:48 AM Flag

    I believe it's really just a formality at this point. Between Wise and Yu he immediately had 25%, The backing of ISS gave him the institutions, and I gave him another 1/2%. Ownership by non-Wise insiders is small and would have little impact.

  • Reply to

    started reshorting today around 1.10

    by anabolic44444 Dec 29, 2014 5:58 PM
    o08o.ugh64w o08o.ugh64w Dec 31, 2014 4:31 PM Flag

    last of the tax sellers is now out ... there was one unloading 25,000 shares towards end of the day and kept lowering his ask until he was able to unload it all. shorts will have difficulty playing their game going forward without the tax loss sellers ready and willing to take the shares lower for them and sell to them for covering.

  • Reply to

    Trading : Volume !!!

    by dogtickpara11 Dec 31, 2014 11:40 AM
    o08o.ugh64w o08o.ugh64w Dec 31, 2014 4:25 PM Flag

    today there was nice volume - last of the tax loss selling. with that out of the way, shares will likely trend higher through the next quarter. you simply cannot argue with the numbers posted for the last quarter and for the year. company did a very good job.

    there may be a reverse split coming in 2015, as preparation for uplisting the shares. should that happen, it will be a good thing as the day traders will no longer be able to play their games jumping between the bid and ask for fractions of a penny - can't do that when shares are above $1.00. it will also significantly reduce the number of shares to a more reasonable number - maybe something in the 20 million to 25 million share range.

    in any case, 2014 is now in the books. company did an excellent job executing during the year, and is positioned to continue improving in 2015.

    patience.

  • Reply to

    BYBK article...

    by citnitout Dec 23, 2014 12:04 PM
    o08o.ugh64w o08o.ugh64w Dec 31, 2014 10:52 AM Flag

    I picked up a few more shares this morning in anticipation of a better 2015 and the end of 2014 tax selling. Figured while there was some volume being offered, might as well take advantage of it.

  • Reply to

    Indemnification Agreements for existing board

    by thewayitbe59 Dec 29, 2014 7:27 PM
    o08o.ugh64w o08o.ugh64w Dec 31, 2014 6:42 AM Flag

    Companies also generally carry Director's and Officer's liability insurance policies that would pay off in situations like this...go Google for it.

    Assuming the company does carry a D&O policy, Wise and new board should investigate suing Frank and supporters looking to collect from them individually as well as from the insurance policy.

    "Directors and officers liability Insurance (often called D&O) is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers. Such coverage can extend to defense costs arising out of criminal and regulatory investigations/trials as well; in fact, often civil and criminal actions are brought against directors/officers simultaneously.

    It has become closely associated with broader management liability insurance, which covers liabilities of the corporation itself as well as the personal liabilities for the directors and officers of the corporation."

  • o08o.ugh64w by o08o.ugh64w Dec 31, 2014 6:26 AM Flag

    2000 @ $1.24
    3000 @ $1.27

    Look for additional periodic purchases

  • Likely to begin in 2016.

  • Reply to

    BYBK article...

    by citnitout Dec 23, 2014 12:04 PM
    o08o.ugh64w o08o.ugh64w Dec 30, 2014 4:55 PM Flag

    You're the man - good catch as usual.

    As spring rolls around, we should make plans to get together at the shareholders meeting.

  • Reply to

    Wise thinks his slate won

    by freeze.dried_mule Dec 30, 2014 9:57 AM
    o08o.ugh64w o08o.ugh64w Dec 30, 2014 11:05 AM Flag

    Praise the Lord!

  • o08o.ugh64w o08o.ugh64w Dec 30, 2014 9:25 AM Flag

    ignore - not worth the effort.

  • Reply to

    started reshorting today around 1.10

    by anabolic44444 Dec 29, 2014 5:58 PM
    o08o.ugh64w o08o.ugh64w Dec 30, 2014 3:30 AM Flag

    Of course you did...and I am Elvis.

  • Reply to

    Indemnification Agreements for existing board

    by thewayitbe59 Dec 29, 2014 7:27 PM
    o08o.ugh64w o08o.ugh64w Dec 29, 2014 8:47 PM Flag

    Same as my initial thoughts when I saw the 8-K. It was effective a week ago, so I think Frank has been preparing for what he knows may be coming.

    The same way that the court has repeatedly thrown Frank out each time he tried to file a lawsuit against Wise, the court can also easily nullify the indemnification agreement for similar reasons.

    I'd be interested in hearing if Wise knew about this or if it was also done behind his back?

  • Q4 posted profits of $2.5 million.

    Additionally company had a $10 million tax benefit.

    Full year earnings excluding the benefit was $7.82 million or 6 cents/share.

    Full year earnings including the benefit was $18.64 million or 15 cents/share.

    Company is now solidly profitable, with EPS on the rise.

    Shares are significantly undervalued at the current price.

  • Reply to

    Being able to buy shares

    by uptabdowntab Dec 29, 2014 8:59 AM
    o08o.ugh64w o08o.ugh64w Dec 29, 2014 8:00 PM Flag

    Agreed.

    I am starting to slowly accumulate down here having been out of the shares since earlier in the year...I know not to bite off more than I can chew. I don't think dividend will be raised - not until things stabilize and better profitability. I'm hoping in the next day or two some tax loss sellers just want to toss their shares at whatever price they can get. I'm only buying lower from here.

    At the current price and lower, my belief is that the company is ripe for a buyout at a 50% premium.

    Happy New Year to you too.

  • Reply to

    Less than 24 hours folks!

    by o08o.ugh64w Dec 29, 2014 4:42 PM
    o08o.ugh64w o08o.ugh64w Dec 29, 2014 7:40 PM Flag

    Thank you for the thought.

    Unfortunately, I would not be able to live with the media and others digging into my personal life looking for smut. I would also have difficulty being a good politician - being able to lie to constituents and colleagues while keeping a straight face and then backstabbing anyone necessary when it would prove advantageous to me.

PSUN
2.79+0.06(+2.20%)Feb 27 4:00 PMEST

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