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Bear of the Day

Cost Plus, Inc. (CPWM)

By: Rob Plaza
November 23, 2009 | Comments: 0
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Specialty retailer Cost Plus, Inc. (CPWM - Analyst Report) 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.

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.

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.

Cost Plus, Inc. (CPWM) : FULL ANALYST REPORT

Bear of the Day
Every day we feature one stock with a Zacks Recommendation of Sell that is set to underperform over the next 6+ months. We also provide you with free access to the in-depth research report on the stock. If you would like to see all our Buy and Sell rated stocks and in-depth research reports, then check out  Zacks Premium.

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Market Summary Mar 12, 2010 11:38 am ET
DJIA 10614.94  3.10 0.03%
NASD 2367.79  -0.67 -0.03%
S&P 500 1150  -0.24 -0.02%