Cost Plus, Inc. (CPWM)
Specialty retailer Cost Plus, Inc. (<a href=http://www.zacks.com/stock/quote/cpwm>CPWM</a>) is closing stores, cutting costs, and trying to preserve cash, but those moves will do little to reverse its weak sales trends and merchandise margins. <p> In addition, management's guidance for the third quarter cautioned investors to prepare for more weakness. Cost Plus expects same-store sales to decrease 6%-11% and a pre-tax loss from continuing operations of $19-$24 million. <p> Cost Plus is scheduled to report third quarter results on December 3. We have an Underperform rating on CPWM shares. Our six-month target price is $0.50.
November 30, 2009 | Filed Under Stocks to Sell
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