{"id":9580,"date":"2009-07-31T08:40:28","date_gmt":"2009-07-31T15:40:28","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=9580"},"modified":"2009-07-31T08:40:31","modified_gmt":"2009-07-31T15:40:31","slug":"volcom-stock-down-downgraded","status":"publish","type":"post","link":"https:\/\/www.boardistan.com\/?p=9580","title":{"rendered":"Volcom Stock Down &#038; Downgraded"},"content":{"rendered":"<p><a href=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/05\/volcom-stone-logojpg.jpeg\" onclick=\"window.open('http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/05\/volcom-stone-logojpg.jpeg','popup','width=250,height=365,scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=yes,left=0,top=0');return false\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/07\/volcom-stone-logojpg-tm1.jpg\" height=\"146\" width=\"100\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Volcom-Stone-Logojpg\" \/><\/a>While<a href=\"http:\/\/www.volcom.com\" target=\"_blank\"> Volcom<\/a> may have beaten analysts estimates in Q2 the company&#8217;s Q3 outlook is what has pulled the stock down nearly 9% this morning. And thanks to Volcom&#8217;s forecasted 65% drop in PacSun business <strong><a href=\"http:\/\/www.wedbush.com\/\" target=\"_blank\">Wedbush Morgan<\/a><\/strong> has downgraded the stock from Neutral to Underperform, according to a story on<strong><a href=\"http:\/\/www.streetinsider.com\/Downgrades\/Wedbush+Morgan+Downgrades+Volcom+Inc.+(VLCM)+to+Undeperform\/4834326.html\" target=\"_blank\"> StreetInsider.com<\/a><\/strong>.<\/p>\n<blockquote><p>Wedbush Morgan cut 2009 EPS estimates to $0.60 from $0.81, 2010 to $0.59 to $0.93 and lowered its price target to $8 from $12. The firm said the significant decline in PacSun biz due to fundamental changes will not likely reverse when the consumer improves.<\/p><\/blockquote>\n<p>Analysts. . . <\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.streetinsider.com\/Downgrades\/Wedbush+Morgan+Downgrades+Volcom+Inc.+(VLCM)+to+Undeperform\/4834326.html\" target=\"_blank\">Streetinsider.com]<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>While Volcom may have beaten analysts estimates in Q2 the company&#8217;s Q3 outlook is what has pulled the stock down nearly 9% this morning. And thanks to Volcom&#8217;s forecasted 65% drop in PacSun business Wedbush Morgan has downgraded the stock from Neutral to Underperform, according to a story on StreetInsider.com. Wedbush Morgan cut 2009 EPS [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[10,12],"tags":[],"_links":{"self":[{"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/9580"}],"collection":[{"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9580"}],"version-history":[{"count":1,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/9580\/revisions"}],"predecessor-version":[{"id":9581,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/9580\/revisions\/9581"}],"wp:attachment":[{"href":"https:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}