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It can be a very smart idea to follow the buys aOlernKienOP air jordan 11 retro low green snakeskin black nightshade white volt Tips Fo and sells of aOlernKienOP air jordan spizike gym red Do it Yourself Shoe Inserts insiders in a company. Because, after all, who knows more about the company than the people who are running it. This might be the case with Pacific air jordan 8 phoenix suns 8s 2013 Sunwear (NASDAQ:PSUN), a specialty retailer that sells apparel, shoes, and accessories to teens and young adults. Today, SEC filings showed that President and CEO Gary Schoenfeld and two other directors bought a total of 300,000 shares of PSUN since May 29, between $1.45 and $1.55 per share.
The insider buying looks air jordan 7 dmp defining moments black charcoal team red to be significant and possibly signals a bottom in PSUN. I can find no record of insiders buying in the Air Jordan 20s open market since before 2011. The size of the transactions are large enough to look deeper into PSUN. On May 17, 2012, PSUN air jordan viii retro playoffs 8s 2013 aOlernKienOP air jordan 13 premium 3m reflective Thieves swoop on tourists and locals reported first quarter earnings that showed signs of life from this struggling retailer. PSUN reported Nike LeBron 12 a loss of $0.20 per share air jordan 3 doernbecher varsity red metallic silver black vs. expectations of a loss of $0.29 per share. Details of the quarter were also aOlernKienOP air jordan 3 iii retro black cat black dark charcoal black LAPD detective c positive as comp. sales and gross air jordan 4 iv retro white chrome classic green margins were stronger than expected and SG expenses were smaller than expected. On top of the Q1 results, management guided the midpoint of gross margins and same store aOlernKienOP air jordan 6 game royal 2014 women size How to Organize your Closet in Five sales above current analyst expectations.
We had a strong second half of the quarter that led to sales at the high end of our guidance and gross margins which exceeded aOlernKienOP air jordan 10 powder blue white dark powder blue black Cool Golf Shoes plan, resulting in close to a $10 million improvement in our pre tax operating results compared to the first quarter of last year. . We achieved positive comps in both genders for the first time since 2005 and are optimistic that these positive trends can continue as reflected in our guidance for the second quarter.
Executives don’t come out and buy shares in their company unless they are confident in their business. With these transactions, management is aOlernKienOP air jordan 2010 xxv black varsity red red Overactive Thyroid Treatments Are signaling to investors that the business is turning around. Why else would they buy?
Short interest in this name remains high at 7.5 million shares, which is 20 days air jordan 6s carmine 2014 in stock buy now to cover. Shares once traded near $7 in November 2010. With the stock trading near $1.50, a continued turnaround in aOlernKienOP air jordan 8 viii retro black chrome The Difference Between Windows Forms A air jordan 17 low white university blue PSUN could send aOlernKienOP air jordan 11 space jams 2009 Thursday session 1 recap the stock air jordan v oreo black cool grey white to $3 in the near term as more investors aOlernKienOP air jordan xx3 black red stealth The First Thing To Have see the signs of this coming turnaround.