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Pacific Sunwear of California Inc. Message Board

o08o.ugh64w 58 posts  |  Last Activity: 15 hours ago Member since: May 13, 2011
  • Reply to

    Conference call

    by sheetwise Sep 16, 2015 12:16 AM
    o08o.ugh64w o08o.ugh64w Sep 16, 2015 4:48 PM Flag

    unfortunately the analyst was stuck on the 63% increase in compensation. over the past few years, the compensation was actually low in my mind...and they have done a tremendous job turning things around...lots of bang for the buck. as was indicated, and apparently the analyst could not get through his thick skull, most of the increase was the valuation of OPTIONS ... they aren't worth squat unless the stock goes higher. the total compensation number may be up 63%, but it's not like the increase in compensation is cash going right into their pockets.

    it also seems that there are more analysts involved may take them a little time to come up to speed ... the folks here likely know more/better at this point.

    unfortunately, none of the analysts were impressed enough with the quarter to say "nice quarter guys".

  • Reply to

    Jeez even more selling

    by hweb2 Sep 15, 2015 2:17 PM
    o08o.ugh64w o08o.ugh64w Sep 15, 2015 2:44 PM Flag

    Not sure if there is a big shareholder looking to do this or if it is the market maker...but he is going to have his way and then accumulate shares at a much lower price unless someone steps in and starts buying up a good chunk of shares.

    I'll just stay out of the way, stand pat with my position, an trade elsewhere.

  • Reply to

    walking it down

    by o08o.ugh64w Sep 15, 2015 11:40 AM
    o08o.ugh64w o08o.ugh64w Sep 15, 2015 12:17 PM Flag

    I'll begin nibbling on CSPI. thanks.

  • o08o.ugh64w by o08o.ugh64w Sep 15, 2015 11:40 AM Flag

    someone is selling 100 shares at the bid every 60 matter what buying/selling is taking place, just every minute selling. if you have Level 2 you can see it.

    generally this is done to push the shares lower in an attempt to make a much larger purchase once the shares have been sufficiently pushed down.

    simply trying to scare people into selling.

    someone bought about 6000 shares at $5.50, then immediately after, selling of 100 shares every 60 seconds continues.

    some concerted buying will need to step up, otherwise the 100 shares every 60 seconds will just slowly take out the bids and push the price lower.

  • o08o.ugh64w o08o.ugh64w Sep 10, 2015 7:19 AM Flag

    "And as our investors know, this license expansion -- like all license expansions for us -- represents very high margin business"

  • 8% dividend makes it easy.

    We've been through this before - company always performs.

    My only concern would be company gets acquired cheaply with the shares this low again.

  • o08o.ugh64w o08o.ugh64w Aug 18, 2015 5:12 PM Flag

    there were much better bashers here last time around.

    you won't be here in 3 months and shares will be back at $9.

  • o08o.ugh64w o08o.ugh64w Aug 18, 2015 2:45 PM Flag

    "The larger shareholders are watching very closely..."

    As if you have the inside track to know what the larger shareholders are doing?

    Too funny.

  • o08o.ugh64w o08o.ugh64w Aug 18, 2015 9:25 AM Flag

    the recovery in share price.

    Thad said they would be very focused on closing deals in Q3 and Q4, and this is him beginning to deliver on that.

  • Reply to

    AMPCO how low will it go?

    by moneyisthesolutiontoeverything Aug 17, 2015 4:36 PM
    o08o.ugh64w o08o.ugh64w Aug 17, 2015 7:49 PM Flag

    yeah, I think if the shares get down to $9, at cash value, there are going to be lots more people buying as well.

    at what point does the company become a takeover candidate? even today, with the strong balance sheet and posting small losses, you'd have to believe that there is some company out there eyeing the situation.

  • Reply to

    AMPCO how low will it go?

    by moneyisthesolutiontoeverything Aug 17, 2015 4:36 PM
    o08o.ugh64w o08o.ugh64w Aug 17, 2015 5:05 PM Flag

    "with as little #$%$ million."

    apparently the Yahoo dirty language filter has a bug in its mistook $5 with "as" in front of it as bad word.

  • Reply to

    AMPCO how low will it go?

    by moneyisthesolutiontoeverything Aug 17, 2015 4:36 PM
    o08o.ugh64w o08o.ugh64w Aug 17, 2015 4:53 PM Flag

    the trading in the shares is ridiculous...most of the trades during the day are under 10 shares. seriously they just sell a couple shares at the bid all day long. sure, every now and then someone buys 100 or 200 shares, but then whatever the bid is, sell some number of shares less than 10. more often than not, the real people/orders are getting faked into selling.

    just have to go with the flow and slowly acquire as low as they want to push the shares.

    company can swiftly put an end to it by announcing a share buyback - with as little #$%$ million. should the company buy back shares, it is the equivalent of making the dividend yield on the cash used...and it would be tax free.

    at $12.00 it is 6.0% dividend.

  • Analyst estimate for current quarter is revenues of $11.5 million with EPS of 12 cents/share.

    Company has provided guidance of :

    Third Quarter 2015 Financial Outlook
    inTEST expects that net revenues for the third quarter ended September 30, 2015 will be in the range of $9.0 million to $10.0 million and that net earnings will range from $0.03 to $0.07 per diluted share

    There seems to be a disconnect here. Should analyst not adjust estimates lower and company perform to their stated guidance, the shares are going to be unjustly hammered.

    Further, EPS of 3 to 7 cents/share is below year ago quarter.


  • o08o.ugh64w o08o.ugh64w Aug 15, 2015 3:47 AM Flag

    If they get an offer, and the price is right, the company will be sold. Management owns enough shares that it is obvious. Their objectives are aligned with shareholders, because they are the largest shareholders. Again it's obvious.

  • Reply to

    Mediocre quarter.

    by eskine212 Aug 13, 2015 12:39 PM
    o08o.ugh64w o08o.ugh64w Aug 14, 2015 4:33 AM Flag

    a share buyback at this time makes lots of sense. as mentioned on the call, a dividend could be another option, but the share buyback is better from a couple views.

    1. dividend is taxable to shareholder now, buyback increases the value of remaining shares and pushes the gain off into long term capital gains

    2. reducing share count while the shares are low is much better than companies looking to use the buyback specifically as a mechanism to keep their shares inflated at a high price. many big companies are using their cash piles for this or taking on debt to do this. invariably it fails because their shares were artificially inflated at the high price to begin with.

    3. reducing share count during a low profit period provides extra momentum when profits pick up again.

    4. repurchasing shares when the price is below book value is a no brainer. book value is increased. remaining shares are more valuable.

    5. as mentioned on the call, and obvious to anyone following the company over the past two years, management is fully invested owning a significant number of shares. they've done the hard work turning things around. now they just need to continue to perform and it will pay off in a big way for all shareholders. it's just a matter of time for when the sector turns higher again.

    6. a caller mentioned Ladenburg Thalmann in his question. if you compare the financials of NHLD with LTS, it is clear that NHLD is doing a better job. at some point, the market comes to its senses and realizes this. in the short term, people get distracted by Frost buying LTS shares all the time and get all excited. it happens with all of his companies - he has a halo around his head and naïve investors believe everything he touches turns to gold. LTS is overvalued and has been for the past couple years, solely because of Frost.

    7. NHLD is a buyout candidate with the shares so low. the company is strong and in a good financial position. they don't need to go looking for a savior.

  • o08o.ugh64w by o08o.ugh64w Aug 12, 2015 4:24 PM Flag

    Anything that generates new revenue streams and adds to the bottom line is good.

  • Reply to

    interesting trading, some big blocks at 1.20

    by soccertese2006 Aug 3, 2015 10:44 AM
    o08o.ugh64w o08o.ugh64w Aug 10, 2015 10:33 PM Flag

    there were more today...I tried to post the blocks with timestamps, but Y! removed the post.

  • There are many irons in the fire.

    1. Delayed closings - as mentioned by someone else here and discussed on the call, the comparison to 2013 was made - where first half was soft, then things built up in the second half, and it led to a very strong 2014. Thad indicated they are very focused on closing deals in Q3 and Q4, and are confident in their ability to get it done. However, as I mentioned in previous post, even with the softness this past quarter, company is much stronger and better positioned than 2013. Unfortunately, because company's business is concentrated in this one area, and it is subject to customer business cycles, the quarterly lumpiness will likely continue. With the jittery markets in general, it just adds to the volatility in the shares and this wild selloff.

    2. Embedded SIM - this will be an additional revenue stream in the future. Activation still needs to take place. So, if anything, the market continues to expand - more devices will need to be activated in the future.

    3. A number of partnerships in the works around mobile ad insert, mobile app download, and personal cloud backup - these are new/additional revenue streams that will be coming.

    4. There was a question/answer on the potential for a buyout. It is out there and company is open to it if it comes along for the right price...but right now the focus is growing the business.

    Bottom line for investors, there are going to be more and more mobile devices. These will be replacements as people upgrade their phones every couple years along with new customers. Additionally, there are going to be more new devices which require activation - whether they be tablets and other portable computing devices, or new technologies still to come - Internet of Things/M2M is coming and so there will be more connected devices. Nobody competes with EVOL in provisioning like this and the numbers show it. Wireless providers need EVOL as their subscriber base grows.

    The future continues to be bright.

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