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Pacific Sunwear of California Inc. Message Board

osubuck30 6 posts  |  Last Activity: Oct 9, 2015 10:08 PM Member since: Jan 24, 2005
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  • Reply to

    $20 looks possible

    by the_game_of_creation Oct 9, 2015 10:10 AM
    osubuck30 osubuck30 Oct 9, 2015 10:08 PM Flag

    Look at the share count. It continues to go lower. They have around 406 million shares outstanding currently. They should continue to buy stock at current levels. Above $40 I thought it was overvalued (they wasted money buying stock at these levels). Unfortunately as the price goes lower they will likely suspend stock buyback. I will look to buy below $25. At that level it will have a dividend yield of around 4%. At $20 close to 5%. Would not mind a big market pullback to get into this one.

    August 2006: 828.5 million shares
    September 2007: 798.2 million shares
    September 2008: 711.4 million shares
    September 2009: 697.8 million shares
    September 2010: 618.8 million shares
    September 2011: 510.2 million shares
    August 2012: 480.9 million shares
    August 2013: 467.5 million shares
    August 2014: 434.8 million shares
    August 2015: 406.7 million shares

  • osubuck30 by osubuck30 Aug 21, 2015 11:35 AM Flag

    I have been eyeballing this. Now that it is near a 10% yield I have added it to Roth IRA. The Meltdown of 2008 they did not cut dividend. Its all about risk vs reward. Seems great at current prices.

  • Added this to my Roth IRA today... At current price the 20% of energy assets they have are being priced at zero. Good risk vs reward at current levels I believe.

    Sentiment: Buy

  • Reply to

    Selling into pop.

    by osubuck30 Aug 6, 2015 3:20 PM
    osubuck30 osubuck30 Aug 6, 2015 9:33 PM Flag

    Very true... Maybe I just want to add some when the dividend yield is 3%-4%!

    Sentiment: Hold

  • Reply to

    Selling into pop.

    by osubuck30 Aug 6, 2015 3:20 PM
    osubuck30 osubuck30 Aug 6, 2015 6:04 PM Flag

    Long term I agree. I just think the market as a whole is shaky and with overhang of PMFG you will be able to get this below $8. CECE is racking up debt at an alarming rate. I hope after this acquisition they will focus on earnings and organic growth. Also to pay down some debt.

  • osubuck30 by osubuck30 Aug 6, 2015 3:20 PM Flag

    Smart money selling into this. I would be cautious (HOLD). They are buying a debt laden company. Will see what it does after the acquisition. I have a feeling the first few quarters after the acquisition they will be barely profitable or a slight loss.

    Sentiment: Hold

0.3102-0.0399(-11.40%)Oct 13 3:59 PMEDT