Whenever a CEO leaves you have his severance charges and when they are talking about stores that don't meet expectations that usually involves a write down.
And when they hire a new CEO, he will want to clear the decks with a writedown.
"we are optimizing our inventory investment and continue to evaluate the profitability of our store portfolio and close those stores that do not justify their expense burden as their leases expire or other real estate opportunities arise.”
Not good. Expect a large charge.
But that's already priced into the stock.
Hopefully sales are not way down.
PBY is just too cheap. They are going to sell it or fix it and sell it for more. Either way, shareholders win.
9 posts | Last Activity: 18 hours ago
Member since: Nov 17, 2014
Looks like nearly 1.6 million covered in the last 2 weeks. 12.7 million to go.
Not sure we can use this to predict future prices but its fun to look at.
Avg Daily Share Volume
Days To Cover
11/14/2014 12,677,832 547,863 23.140515
10/31/2014 14,265,767 806,900 17.679721
10/15/2014 14,576,731 515,243 28.290983
9/30/2014 14,022,746 546,178 25.674315
How can they possibly lose so much money for 12 years straight ?
This is where a paid tout chimes in and says they only lost $10 million in cash over the last 12 years.
Like that's something to boast.
Im using 90 cents because Im highly confident this man has been around long enough not to overpromise & under-deliver.
So the estimates are built to be beat.
And its not going to take massive sales gains to do so.
He is keeping the bar low so that he can easily scale it. And if he never disappoints, why would the stock tank ?
I don't recall paying much attention to stocks that have run so far with such a high short interest near year end so it will be interesting.
Director Willis, who was a past buyer at $8.96 and $12.53 has "gifted" away nearly 3 times what he bought in the open market. About 37% of his holdings.
Im assuming for tax reasons and that those shares will be sold fairly soon.
Gross margins were never the big issue here. You're making a mountain out of a molehill.
Sharper initial price points mean lower margins.
Hopefully with less future markdowns & higher sales.
Well, I think they have guided well. That is, they signaled a lot of low hanging fruit which should drive earnings gains for 5-6 quarters if not longer.
Disappointing, as in negative SSS or something like that would tank the stock but I just don't see that happening.
Per yahoo the estimates for the Dec quarter are 44-60 cents with an average of 55.
I doubt they come in below 50.
And if everything is on track, I guess it could continue higher.
Tax loss buying from the shorts prior to year end could drive the stock higher.
My orders are in waiting to be filled at higher prices.
merchandising powerhouse ?
What products do they have on walmart shelves ?
I don't recall being any SNS brand products there. Although we don't have a lot of SNS stores in my neck of the woods.
Maxim is a total crapshoot and he even admits as much.
Overall,I appreciate a lengthy shareholder letter every year. I just wish they would provide either a streaming feed or a transcript of the annual meeting so that those who cannot travel will not be out of the loop.
This year, he all but told us the stock was undervalued.
Id love to be able to sell out at $25 and $27-28 but the point you have been making for months now is it could fall back despite nothing being fundamentally wrong here.
On the other hand, what if some of the shorts want to cover for their tax losses before year end ?
I didn't sell much RCKY at near $20 this time around and it fell back to $13 on me.
Calvert has been doing this for 12 years with 3+ businesses and 12 straight years of losses. Almost no revenues.
My post was removed but its 100% true.
There are 8 firms. the avg is 79c cnts.
Lets use 90 cents. $21.69=24 x next years earnings. Not THAT high given we could be in the early stages of multiple years of sales & earnings growth.
Say $1.20 the following year and then throw a 30 multiple on it and you've got $30 a share. Discount that by 20% and you have a present value of $25.
My problem is I don't pay these high of multiples for stocks. So its difficult to hold them.
Huh ? They've added. But not 8 million shares recently.
They own just over 9.2 million in total. Most bought slowly over time. Not recently.
Looks like 11/18 was the "due date" and 11/25 is the dissemination date for short interest. Why does it take them 7 calander days to disseminate it ?
November 11/14/2014 11/18/2014 11/25/2014
11/28/2014 12/02/2014 12/09/2014
December 12/15/2014 12/17/2014 12/24/2014
12/31/2014 1/05/2015 1/12/2015
Tim, it looks like you responded here and yahoo removed your post.
Its amazing how many legit posts get removed yet the penny stock spammers seem to slip thru daily.
As for why I sold some...I looked back & hadn't sold any since $14.99. And if the stock were to fall back to the mid to upper teens, I wouldn't really have any excuse.
Their annual meeting was recently.
Its as you have been saying forever now. Hasn't the stock gotten ahead of itself ?