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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject5/3/2001 11:34:35 AM
From: besttrader   of 37746
 
Pacific Sunwear (PSUN) 26.00 -0.98: Robertson Stephens downgrades to long-term ATTRACTIVE from BUY; citing firm's belief that sales trends in men's apparel in the U/S. remain weak, reducing confidence in PSUN's ability to turn its men's business in Q2:01; concerns that a fashion shift away from shorts may result in company's second consecutive year of disappointing shorts sales vs firm's initial outlook for improved shorts business; and revised expectation that April comp-store sales could be down 2-4% against a relatively easy 1.6% comp-store sales increase in April 2000.
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