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.

Tom said:

The Daily Blog tends to highlight possible long position entry points. Will there ever be postings for short candidates?

Posted at May 24, 2008 10:09 AM
admin said:

Yes we will definitely post short candidates as we see fit.

Posted at May 25, 2008 8:13 PM
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