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I think that it is time to for everyone to realize that Mossimo is definitely back, and back big time!! Reliable sources indicate that booked orders for the fall are huge and that major retailers are on board. Don't be surprised if fall orders top 100-120 million, that's right, 100-120,000,000. The stock should be boosted by any, and I mean any, substantiated report that these orders are in place. Mossimo, himself, could not be happier that the restructuring is producing marvelous results. With a limited supply of stock, any increase in volume causes the stock to fly. Additionally, there is little if any institutional ownership thus with news of a successful turn around look for the stock to move upward. Look for 15 within the month of April!! Look for 20 by the end of May, and on the news of strong orders, look for 25-30 by the end of July. |
