Friday, December 12, 2008

Skateboarding Is So NOT Hot Right Now.



















I am no fan of Pac Sun or any other big box skateboard/snowboard retailer. According to a November 28 regulatory filing, NWQ Investment Management Co. are not either. LLC cut it’s 10.87-percent stake in the Pacific Sunwear down to 6,419 shares (or 0.01-percent). PacSun’s stock value has dropped more than 85-percent this year, and closed Wednesday afternoon at around $1.80.

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