Piercing Pagoda (PGDA) | Stock Discussion Forums

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Non-Tech
Piercing Pagoda (PGDA)

An SI Board Since December 1998

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Emcee: Kailash	Type: Unmoderated

Introduction Compact

Piercing Pagoda sells gold jewelry from hundreds of stores. The stock peaked above $24 in mid-summer of 1998, just before a split, and tumbled all the way to 8 in two vertical drops over the next three months (see also the SEC filings and the insider trades):

quicken.com

A poor earnings report triggered the early December 98 drop:

biz.yahoo.com

However, the financials look solid:

wsrn.com

On December 8, Barings raised PGDA from a buy to a strong buy. This is a well-established and growing company selling at prices not seen since early '95 - looks like a good long-term investment.

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