Items Tagged with 'WTSLA'

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WTSLA Reports Second Quarter Net Sales of $135.3 Million

Wet Seal Second Quarter Financials Released

On August 21, 2012, The Wet Seal, Inc. (Nasdaq: WTSLA), a leading specialty retailer to young women, announced results for its fiscal second quarter ended July 28, 2012 and provided its financial outlook for the third quarter of fiscal 2012.


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WTSLA Terminates CEO Susan McGalla

The Wet Seal, Inc. Announced CEO Departure

On July 23, 2012, The Wet Seal, Inc. (Nasdaq: WTSLA), a leading specialty retailer to young women, announced that its Board of Directors has terminated the employment of the Company’s Chief Executive Officer, Susan McGalla, effective immediately.


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WTSLA Announces June Comparable Store Sales Decrease

Wet Seal June Sales Reported

On July 5, 2012, The Wet Seal, Inc. (Nasdaq: WTSLA) reported net sales and comparable store sales for fiscal June 2012.


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WTSLA Predicts $0.03-$0.06 Loss per Share

Wet Seal Financials Announced

On May 22, 2012, Wet Seal, Inc. (Nasdaq: WTSLA) announced results for its fiscal first quarter ended April 28, 2012, and introduced guidance for the second quarter of fiscal 2012.


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WTSLA Announces Sales Decline

Wet Seal Sales Reported

On May 3, 2012, Wet Seal, Inc. (Nasdaq: WTSLA) reported net sales and comparable store sales for the four-week period ended April 28, 2012, or fiscal April, and the fiscal first quarter ended April 28, 2012.


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WTSLA Sales Decrease 4%

Wet Seal Sales Reported

On April 5, 2012, the Wet Seal, Inc. (Nasdaq: WTSLA) reported net sales and comparable store sales for fiscal March 2012.


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WTSLA Annual Sales Up

Wet Seal Financials Released

On March 22, 2012, Wet Seal, Inc. (Nasdaq: WTSLA) announced results for its fiscal fourth quarter and full year ended January 28, 2012, and introduced guidance for the first quarter of fiscal 2012.


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Wet Seal Sales Reported

On January 5, 2012, The Wet Seal, Inc. (Nasdaq: WTSLA) reported net sales and comparable store sales for the five-week period ended December 31, 2011, or fiscal December.


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Wet Seal Sales Reported

On December 1, 2011, The Wet Seal, Inc. (Nasdaq: WTSLA) reported net sales and comparable store sales for the four-week period ended November 26, 2011, or fiscal November, as follows.


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Wet Seal Financials Announced

On November 17, 2011, The Wet Seal, Inc. (Nasdaq: WTSLA) announced results for its fiscal third quarter ended October 29, 2011.


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George Putnam's Favorite Stocks for 2016

stock picks

Distressed Investing Blog

Distressed Investing Blog

2015 Bankruptcy Recap: 46% Increase Fueled by Oil & Gas/Mining Industry--Further Uptick Predicted

Looking back at 2015, research reveals a 14% decline in overall business bankruptcies but a 46% uptick in public company Chapter 11 filings—with a striking 51% of those filings coming from the battered Oil & Gas/Mining sectors. Economic indicators point to further increases in corporate bankruptcy, in general, and Energy-related filings, in particular. Just a few days into 2016, this viewpoint has already been validated by Arch Coal's long-awaited $8 billion Chapter 11 filing—and continuing oil price plummets severe enough that OPEC will likely convene an emergency meeting to address "shattered" economies. Read More.

Your Financial Security is Serious Business...

so why should you trust The Turnaround Letter?

  • The Turnaround Letter's 15-year returns were 11.0%--vs. S&P's 2.9%
  • 30 Years of Turnaround Investing Experience & Reliable Stock Market Advice
  • 2015's Closed Out Purchase Recommendations Averaged 53% Stock Profit
  • Diverse Monthly Stock Picks Personally Selected by George Putnam

Spotlight: Junk Bond Market

stock market advice

MarketWatch's Mark Hulbert recently tapped George's distressed investing expertise to determine the fate of the junk-bond market and what its nearly three-year decline likely means for your portfolio.

 

Hulbert writes, "What’s really going on? For insight, I turned to George Putnam, an expert in distressed-company investing. His Turnaround Letter advisory service has handily beaten the stock market over the past 15 years, according to the Hulbert Financial Digest’s tracking, by an impressive margin of 7.3 percentage points a year on an annualized basis."

 

Commenting on the rapid growth of high-yield exchange traded funds (ETF's), Putnam notes, "They have become the investment vehicle of choice for short-term investors….Those investors tend to be trend followers and, therefore, are just the opposite of being contrarian."

 

Read the full MarketWatch junk-bond article to find out what George thinks these recent indicators likely mean for future distressed investing profit.