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I'm an individual investor and trader. I'm currently retired. My professional work experience has been in commercial real estate, working for a major supermarket company and for an urban development corporation. Bear_Mkt is my pseudonym -- bear seems to be my usual investing view. Don't take... More
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Dollar Crisis
  • PacSun showing signs of life - PSUN 0 comments
    Apr 10, 2011 11:48 PM | about stocks: PSUN, AEO, JCP, MCQ, HOTT

    I checked the local PacSun store over the week-end and was pleased to see store traffic up. Not crowded, but certainly a turn in the right direction. Even saw a waiting line at the register. Yippie! Saw more buyers at Pacsun than at Am Eagle next door, Tillys, Hot Topic or Am Apparel.

    Pluses for PSUN --
    -- Mall traffic in general seems up, so PacSun should be getting a share. Persistent  high gas prices may ultimately hurt the shopping malls, but I'm not seeing it yet.
    -- Easter is late this year, so there may be a sales kick as ad campaigns increase. The big stores like JCP and M seem to be getting very promotional, which draws in more customers to the malls. (Easter is April 24 this year, about 3 weeks later than last year.)
    -- The NE weather's been awful this spring, cold and wet, but may finally be improving. NY up to 77 tomorrow. Finally time to think about  sunwear!
    -- Strong buying interest from an insider adding shares.

    Negatives --
    -- High real estate costs.
    -- Recent high cotton costs, expected to fade as new crop plantings come in this year.

    Just my opinion.

    Stocks: PSUN, AEO, JCP, MCQ, HOTT
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