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Party City is the little party that keeps putting out


               
2022 Nov 9, 6:44pm   821 views  13 comments

by Tenpoundbass   follow (10)  

I love watching stocks like this, for several reasons. Number one, never under estimate the American consumer's desire to buy as much useless junk regardless how hard the times are. Number two it's a cheap thrill. Just look at all of those peaks and valleys. You can really clean up on this stock buying the dips and selling the peaks. At 75 cents, I could see it going back to a $1.50 by the first quarter, if they did a good Halloween and the Holidays ahead. The third quarter report was through the end of September, so their October sales might have not been included. A lot of people went all out this year.
Those dips are always wild 30 points or more swings. I think it's more than a penny stock. Party City is a zombie brand, that seems like it isn't going anywhere. Just when you think they are down for the count, America goes on a binger, and boosts their next earnings report.

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1   AD   @   2022 Nov 9, 10:11pm  

2   Patrick   @   2022 Nov 9, 10:13pm  

That is the lowest p/e ratio I have ever seen, at 1.26.
3   Patrick   @   2022 Nov 9, 10:18pm  

And lol, Blackrock and Vanguard own about 10% of it. Is there any stock not at least partly owned by Blackrock and Vanguard?
4   Patrick   @   2022 Nov 9, 10:21pm  


In the S&P 500 – the benchmark index of America’s largest corporations – the situation is even more extreme. Together, the Big Three are the largest single shareholder in almost 90% of S&P 500 firms
5   Al_Sharpton_for_President   @   2022 Nov 10, 4:09am  

Party City needs to branch out into weed, booze, and blow.
6   DD214   @   2022 Nov 10, 5:13am  

Party City to shrink corporate workforce by 19% as consumers pull back

Party City is now buckling up for a bumpy economic ride ahead. The company made a slight downward revision in its sales expectations for the fiscal year and significantly increased its estimates for losses, with an anticipated maximum net loss of $199 million compared to management’s previous high-end estimate of a $36 million loss.

Telsey Advisory Group analysts said that “uncertainty about the level of demand, more promotions at discounters that can result in lower traffic to Party City stores, and the ability to manage rising costs keep us concerned.”

https://www.retaildive.com/news/party-city-shrinks-corporate-workforce-19-percent/635996/
7   Tenpoundbass   @   2022 Nov 11, 8:22am  

Where could you have made over 33% return in just a few days? I don't think this upswing is over yet.

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