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Non-Tech : PSUN A new breakout at $30+! -- Ignore unavailable to you. Want to Upgrade?


To: Wolf 2 who wrote (622)11/9/1998 5:04:00 PM
From: E. Graphs  Read Replies (1) | Respond to of 1622
 
Wolf!

PSUN has made it above all of its averages and on great volume.

askresearch.com

I couldn't resist buying some EGGS this morning.....so far so good. My best stock today was NSCP.

Continued Good Luck to Us!

E!



To: Wolf 2 who wrote (622)11/10/1998 4:39:00 PM
From: E. Graphs  Read Replies (2) | Respond to of 1622
 
Pacific Sunwear's Third Quarter Earnings Increase 40% to $8.1 Million

Pacific Sunwear Q3 Dil Shr $0.38 Vs $0.27

>>ANAHEIM, Calif.--(BUSINESS WIRE)--Nov. 10, 1998--Pacific Sunwear of California Inc. (Nasdaq: PSUN - news) Tuesday reported record results for the third quarter ended Nov. 1, 1998.

>>Net income for the third quarter was $8.1 million, or $0.39 per share, basic, and $0.38 per share, diluted, compared with $5.8 million, or $0.28 per share, basic, and $0.27 per share, diluted, for the third quarter of fiscal 1997.

>>Sales for the third quarter ended Nov. 1, 1998 were $91.8 million, an increase of 41 percent over sales of $65.3 million for the third quarter of fiscal 1997. Same store sales increased 8 percent for the third quarter of fiscal 1998.

>>''I'm very pleased with our record third quarter results, which reflect strong top line and same store sales growth, excellent gross margins and substantial leverage of our general and administrative expenses,'' said Greg Weaver, chairman of the board and chief executive officer.

>>''During the fourth quarter of 1998, we plan to open six new stores for a total of approximately 70 net new stores for 1998 and end the year with approximately 342 stores in operation. In 1999, we expect to increase our square footage by 36% by adding 100 new stores and end the year with approximately 442 stores in operation. To date, we have leased nearly 70% of the 100 new stores,'' concluded Weaver.

>>Net income for the first nine months of fiscal 1998 increased 63% to $16.0 million, or $0.77 per share, basic, and $0.74 per share, diluted compared with $9.8 million, or $0.51 per share, basic, and $0.49 per share, diluted, for the first nine months of fiscal 1997. Sales for the first nine months of fiscal 1998 were $226.1 million, an increase of 48 percent over sales of $152.6 million for the first nine months of fiscal 1997. Same store sales increased 11 percent for the first nine months of fiscal 1998. (All references to shares and per share amounts reflect two 3-for-2 stock splits effected on Oct. 9, 1997 and June 8, 1998.)

>>Pacific Sunwear is a leading mall-based specialty retailer of everyday casual apparel, accessories and footwear designed to meet the needs of active teens and young adults. The company currently operates 313 Pacific Sunwear stores, 8 Pacific Sunwear Outlet stores and 15 d.e.m.o. stores for a total of 336 stores in 42 states. Pacific Sunwear's Web site is at pacificsunwear.com.

>>Pacific Sunwear of California Inc. releases are available on Pacific Sunwear's Corporate News on the Net site at businesswire.com;



To: Wolf 2 who wrote (622)11/10/1998 9:53:00 PM
From: Duane L. Olson  Read Replies (1) | Respond to of 1622
 
Wolf..How did the two of us ever end up in PSUN...did the gods send the E! to us?? I've done nothing but make money in PSUN...although a bit of fortuitous timing this summer helped the cause...highly unusual, however...
//OT//Apologies for my delay in reply, Wolf. .As I got that last message off, the old box (apparently) hummed it's last, spat venomous error messages at me, and refused to reboot..
So I am writing this on the new P II...with one of them there fancy v.90 modems (nothing like E!'s cable, I'm sure, but when you were running 14.4, well, you know!)
Hey, there had to be more than a phone booth's worth of us oil diehards...seems to me the E! was indulging in that addiction just a bit also...that makes three!... Now, to whom do we sell??
Cheers! dlo (TSO)