« Sanderson Farms (SAFM) - revisiting an earlier post | Main | Hub Group Inc (HUBG) - scores FusionIQ short squeeze and BUY signal »

May 23, 2008

Perry Ellis Intl. (PERY) reaffirms guidance and scores FusionIQ short squeeze

Perry Ellis International Inc. (PERY) scored a new FusionIQ short squeeze after the men's apparel maker reaffirmed its earnings forecast for fiscal 2009.  Perry Ellis Chief Executive Officer George Feldenkreis told investors and analysts during a conference call that the government's stimulus package and other measures to alleviate financial stress should have a positive effect into 2009 on consumers' buying power.  " At this point, we feel that the worst might be over," Feldenkreis said.  Perry Ellis yesterday said it expects profit in the range of $1.95 to $2.00 a share for the 12 months ending Jan. 31, 2009, with revenue of $910 million to $925 million.
Given the economic stimulus is most likely to find its way into the retail channel we agree that retailers such as PERY will benefit in the coming months.
Pery22308

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c52a953ef00e55278b98a8833

Listed below are links to weblogs that reference Perry Ellis Intl. (PERY) reaffirms guidance and scores FusionIQ short squeeze:

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment