Pacific Sunwear of California Analyst Report: Established Specialty Retailer Pursuing Turnaround/Recovery - Headwinds Building in Coming Quarters by BrokerBank Securities, Inc.
NEW YORK, June 4, 2014 /PRNewswire/ -- Pacific Sunwear of California, Inc. (NASDAQ: PSUN), is a well-established participant in the Specialty/Teen Retailing sector that has been attempting to deal with very challenging macro conditions in the space, particularly for the last couple of years. Management appeared to be on track to engineer improvement in a turnaround attempt to bring the Company back to profitability. The most recent quarterly results raise some questions about the ultimate outcome of this turnaround attempt.
With Challenges and headwinds facing specialty retail are myriad and quite well known to investors including a sluggish economy, stretched consumers, previous overdevelopment/overexpansion, intense price competition and fickle customers. The Company was able to post solid results in the most recent quarters relative to street expectations but issued disappointing forward guidance for Q2 causing a selloff and spike in volatility. The stock has been under technical pressure since a rally peak in August of 2013 with no reversal in trend yet in sight.
An analyst report which includes an overview of the company, technical chart analysis, review of current strategy, risk factors, financial overview, analyst summary and recommendation can be viewed in its entirety by using the link below. There is no cost required to view this report:
http://bit.ly/-PSUN-CFA-Report
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This report was prepared for informational purposes only. Affiliated parties involved with producing and issuing this report have not been compensated in any form. A full disclaimer can be found by viewing the full analyst report.
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