Taking most profits on MOGN, ALKS, GLGC, PTIX, SONE, CEGE.. leaving some shares of the biotechs, especially the smaller ones. Holding SEBL options.. Tomorrow is another day. Covered ABSC earlier for a couple of points but I was prepared for a 'short term shorty short'.. No more short positions going into the close. PERY and DK did great on their earnings but it seems I'm the only one that really enjoys their product. DK had a profitable quarter, the first one but I guess unless their clothes have some implantable electronic devices built in, the street won't notice. I have an idea about how you can have a little screen that would reveal the body that is beneath the Perry Ellis original with the flip of a button, the stock would soar.
FOCUS-Licensing lifts Perry Ellis, Donna Karan bottom line
(Updates throughout; adds comments from analysts and fashion columnist; adds byline)
By Jan Paschal
NEW YORK, March 21 (Reuters) - Richer royalty pacts did the trick for Perry Ellis International Inc. (NasdaqNM:PERY - news) in the fourth quarter, while jeans licensing helped bring Donna Karan International Inc. (NYSE:DK - news) back into the black, analysts say.
Fourth-quarter earnings, reported earlier on Tuesday by both international fashion houses, showed considerable improvement over the same period a year earlier. Net sales for Perry Ellis and Donna Karan shot up more than 20 percent in the latest quarter from the same period a year ago.
And Donna Karan, which had reported a loss in the year-ago quarter, managed to beat Wall Street's expectations by 3 cents a share in the latest period. |
