Pacific Sunwear of California, Inc. (PSUN)

This met a high level screen to indicate a buy and strong outperform against its peers (other tickers in its industry). My 1st version of this spreadsheet devles deep into the company's balnace sheet and recent income statements, combined with other relevant price data for the company including insider/institutional holdings, short interest, debt levels, etc.
Testing capabilities of this 1st version of my automated, valuation spreadhseet matched with my personal criteria and see how it holds up.

Short term undervalued. Should see $4+ soon.

have no ideal

I was long this company up until recently and I no longer believe in its future. PSUN has lost it's identity that allowed it to grow in the 90s and early 00s. They are no longer the "go-to" destination for young 'surfer/skate-boarding' teens and are now struggling to recapture those shoppers and probably never will. Management turnover is another serious concern for this company. They are on their 3rd CEO in the last 6 years. Each one keeps reversing the previous CEO's directions with little success. The company is in the middle of a serious store contraction, going from over 950 stores about 2 years ago to a recent count of 900 projected by year-end and the CEO targets 750-800 in the next 3 years. Sales continue to decline at a staggering double digit % clip. While the company is debt free and has a small cash position, there is no guarantee that with continuing decline in sales and consistent EPS losses they can cut expenses further to avoid borrowing and possibly issuing more shares and diluting current owners. I would avoid this stock until sales stabilize and start showing gains. With the current economy, I don't see this happening for another 3 years.

New CEO is fantastic, and he now has an inexpensively priced stock with which to recruit his new team. He also has low expectations to beat in Q4, based on a 3 week anomaly at the end of Q3/early Q4.

I see PSUN getting their mojo back in H1 2010.

Man, all you guys downthumbing this thing will lose a bunch of points.

Stagflation is here!

Unemployment rate for younger people will rise with the increased minimum wage. Unemployment for middle age people will rise, prompting further cost cutting measures. I expect holiday sales to fall further in 2009.

This stock was at 1.24 60 days ago. The have no debt, a new line, low inventory and the teenie boppers are getting out of school just in time to have mommy and daddy by them the latest summer fashion

They have it together

The $5.00 offer to buy them caught my eye. It won't happen but it does show that they are undervalued and should do well over the coming year (assuming the economy turns around).

Not sure yet. But a $1.74? Seems like not much to lose, but a whole lot to gain... More to follow as I do more research.

OK, I'm going all in. I know, I know, I know. This beauty is getting me the 200 icon thingie. I've poured through the credit agreements and these guys are going to be fine regarding covenants and credit lines. They reported November down, but not as much as they thought. The market is tough, but through discounting and what ever they have to do, PacSun will be a survivor. This is the kind of story that returns 1000% plus over the next ten years. Outperform!

Wildly speculative pick near the CAPS minimums.

I am testing what Warren Buffett calls the used cigar butt approach to investing.

Market Cap = $192 Million
Book Value = $399 million

Bottom fishing, or is that bottom "swimming?"

Sell off is overdone and the economy will pick up around Christmas Season.

What the heck. Massive drop on a retailer taking it below tangible book value (of course, that book value could quickly get written down in a fashion retailer) might be worth a shot, since they have done a lot of cleaning up of the ugly corners of the business and are now at least turning a profit.

Pacific Sun, is not here to stay and is not disapearing from shoping malls anytime soon. This store needs to get reorganized and figure out what has made them succesful in the past and what will work in the future. This stock unlike other retail stocks is sitting at its 52 week low and ready to rock!!! tons of growth potential and little downside makes this an easy BUY decision.