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sludgehound

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sludgehound

Re: None

Thursday, 12/11/2014 9:50:27 AM

Thursday, December 11, 2014 9:50:27 AM

Post# of 5118
WTSL Wet Seal warns of BK $0.11

Share price says it all.

9:28am ET
Wet Seal Inc. (WTSL) warned it may file for bankruptcy protection if the teen apparel retailer is unsuccessful in the very near term in addressing its liquidity needs. Shares fell 47% to 15 cents premarket.

It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.

~ Thomas Sowell

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